1020 7th Ave NWRiceMN56367
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Rice at 1020 7th Ave NW, Rice, MN, 56367 offers a 10.59% rental yield on a $311,700 purchase with $2,750/mo rent. Total monthly income registers $2,750/mo, and a $1,526/mo payment leaves $768/mo available for distribution. Annual cash flow reaches $9,218/yr on $103,329 to close, and return on cash invested stands at 28.83% in year one. Equity gained on principal adds $2,011/yr while 5% annual appreciation supports $86,117 over five years. Portfolio math shows five-year ROI at 150.94% and total cumulative return in cash at $155,965. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,750/mo property income against a $1,526/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
9,713 sqft lot
$N/A/sqft
$35 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56367, Rice, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,949 (100%) |
| Owner Occupied HU | 2,545 (86.3%) |
| Renter Occupied HU | 240 ( 8.1%) |
| Vacant Housing Units | 164 ( 5.6%) |
| Median Home Value | $321,788 |
| Average Home Value | $368,863 |
Housing Distribution
Address Breakdown
Residential
2,781
Single Family
2,712
Multi-Family
69
Businesses
125
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