104 SW 6th AveVerndaleMN56481
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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 Verndale at 104 SW 6th Ave, Verndale, MN, 56481 listed at $259,900 pairs $2,035/mo rent with a $1,272/mo payment to leave $412/mo cash flow. Total monthly income runs $2,035/mo, and annual cash flow reaches $4,946/yr on $86,157 cash to close. Return on cash invested measures 25.65% in year one, and rental yield registers 9.4% at a $259,900 basis. Equity gained on principal adds $1,677/yr, and annual property appreciation at 5% supports $71,806 by year five. Five-year ROI tracks 133.74% and total cumulative return in cash totals $115,222. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,035/mo property income relative to a $1,272/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56481, Verndale, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,017 (100%) |
| Owner Occupied HU | 712 (70.0%) |
| Renter Occupied HU | 128 (12.6%) |
| Vacant Housing Units | 177 (17.4%) |
| Median Home Value | $223,364 |
| Average Home Value | $259,645 |
Housing Distribution
Address Breakdown
Residential
814
Single Family
808
Multi-Family
6
Businesses
38
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