106 3rd Ave NEGenevaMN56035
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 106 3rd Ave NE, Geneva, MN, 56035 in Geneva is listed at $329,900 and delivers $2,678/mo in rent and $618/mo in net monthly cash flow. The 9.74% yield and 1.81 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $91,145 over five years, and $3,038/yr in principal reduction supplements cash return. Total projected cumulative return: $164,983.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.2% |
| Monthly Cash Flow | $618 | $350 |
City averages based on Geneva market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,678 |
| Total Monthly Debt Service | $1,929 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1999
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56035, Geneva, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 230 (100%) |
| Owner Occupied HU | 186 (80.9%) |
| Renter Occupied HU | 35 (15.2%) |
| Vacant Housing Units | 9 ( 3.9%) |
| Median Home Value | $267,241 |
| Average Home Value | $308,723 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
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
Single Family
Built in 1999
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56035, Geneva, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 230 (100%) |
| Owner Occupied HU | 186 (80.9%) |
| Renter Occupied HU | 35 (15.2%) |
| Vacant Housing Units | 9 ( 3.9%) |
| Median Home Value | $267,241 |
| Average Home Value | $308,723 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices