103 1st St SENew RichlandMN56072
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in New Richland at 103 1st St SE, New Richland, MN, 56072 priced at $169,000 pairs $120/mo rent with after a $827/mo payment. Total monthly income equals $120/mo. Return on cash invested is -0.46% in year one, and rental yield stands at 0.85% on a $169,000 basis. Equity gained on principal adds $1,091/yr, and 5% annual appreciation accumulates to $46,692 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $120/mo property income against a $827/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1876
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56072, New Richland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,015 (100%) |
| Owner Occupied HU | 780 (76.8%) |
| Renter Occupied HU | 138 (13.6%) |
| Vacant Housing Units | 97 ( 9.6%) |
| Median Home Value | $207,292 |
| Average Home Value | $282,580 |
Housing Distribution
Address Breakdown
Residential
855
Single Family
834
Multi-Family
21
Businesses
59
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Nearby investment properties with comparable prices
Listed by: Matthew Kern • RE/MAX Venture
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6672738
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