105 Axel Ave WGrove CityMN56243
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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 Grove City at 105 Axel Ave W, Grove City, MN, 56243 offers a 9.3% rental yield on a $123,816 purchase with $960/mo rent. Total monthly income registers $960/mo, and a $606/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,242/yr on $41,045 to close, and return on cash invested stands at 25.37% in year one. Equity gained on principal adds $799/yr while 5% annual appreciation supports $34,208 over five years. Portfolio math shows five-year ROI at 132.22% and total cumulative return in cash at $54,269. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $960/mo property income against a $606/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
10,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56243, Grove City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 714 (100%) |
| Owner Occupied HU | 487 (68.2%) |
| Renter Occupied HU | 145 (20.3%) |
| Vacant Housing Units | 82 (11.5%) |
| Median Home Value | $280,814 |
| Average Home Value | $342,490 |
Housing Distribution
Address Breakdown
Residential
598
Single Family
564
Multi-Family
34
Businesses
41
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Listed by: Brian Brockman • Bang Realty
Mls Name: My State MLS
Mls ID: #11602697