104 3rd StPrinsburgMN56281
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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
Investment property for sale in Prinsburg at 104 3rd St, Prinsburg, MN, 56281 offers a 9.54% rental yield on a $240,000 purchase with $1,907/mo rent. Total monthly income registers $1,907/mo, and a $1,175/mo payment leaves $408/mo available for distribution. Annual cash flow reaches $4,896/yr on $79,560 to close, and return on cash invested stands at 26.06% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 135.9% and total cumulative return in cash at $108,122. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,907/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56281, Prinsburg, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 266 (85.0%) |
| Renter Occupied HU | 34 (10.9%) |
| Vacant Housing Units | 13 ( 4.2%) |
| Median Home Value | $256,250 |
| Average Home Value | $331,964 |
Housing Distribution
Address Breakdown
Residential
239
Single Family
224
Multi-Family
15
Businesses
31
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