103 Harriet St UNIT CSpicerMN56288
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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
Rental property for sale in Spicer at 103 Harriet St UNIT C, Spicer, MN, 56288 offers $912/mo rent that, after a $2,937/mo payment. Total monthly income is $912/mo. Return on cash invested measures 2.83% in year one, and rental yield stands at 1.82% at a $600,000 entry. Equity gained on principal adds $3,872/yr while 5% annual appreciation compounds into $165,769 by year five. Five-year ROI records 11.27% and total cumulative return in cash reaches $22,248. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $912/mo property income versus a $2,937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1993
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56288, Spicer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,839 (100%) |
| Owner Occupied HU | 1,640 (57.8%) |
| Renter Occupied HU | 315 (11.1%) |
| Vacant Housing Units | 884 (31.1%) |
| Median Home Value | $443,939 |
| Average Home Value | $537,343 |
Housing Distribution
Address Breakdown
Residential
2,193
Single Family
2,086
Multi-Family
107
Businesses
140
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