1050 Carlton AveFaribaultMN55021
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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 Faribault at 1050 Carlton Ave, Faribault, MN, 55021 generates $2,245/mo in rent and, after a $1,559/mo payment, leaves $256/mo in cash flow. Total monthly income is $2,245/mo, and annual cash flow is $3,072/yr on $105,583 invested. Return on cash invested sits at 22.82% in year one, and rental yield is 8.46% on a $318,500 entry. Equity gained on principal adds $2,055/yr, while 5% annual appreciation builds toward $87,996 over five years. Five-year ROI reaches 118.56% and total cumulative return in cash sums $125,184. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,245/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55021, Faribault, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,145 (100%) |
| Owner Occupied HU | 7,913 (65.2%) |
| Renter Occupied HU | 3,251 (26.8%) |
| Vacant Housing Units | 981 ( 8.1%) |
| Median Home Value | $336,085 |
| Average Home Value | $370,419 |
Housing Distribution
Address Breakdown
Residential
11,925
Single Family
9,851
Multi-Family
2,074
Businesses
825
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