106 7th St SEGrand MeadowMN55936
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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 Grand Meadow at 106 7th St SE, Grand Meadow, MN, 55936 offers a 9.05% rental yield on a $173,000 purchase with $1,305/mo rent. Total monthly income registers $1,305/mo, and a $847/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,693/yr on $57,350 to close, and return on cash invested stands at 24.61% in year one. Equity gained on principal adds $1,116/yr while 5% annual appreciation supports $47,797 over five years. Portfolio math shows five-year ROI at 128.17% and total cumulative return in cash at $73,503. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,305/mo property income against a $847/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.19 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55936, Grand Meadow, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 758 (100%) |
| Owner Occupied HU | 573 (75.6%) |
| Renter Occupied HU | 131 (17.3%) |
| Vacant Housing Units | 54 ( 7.1%) |
| Median Home Value | $324,206 |
| Average Home Value | $399,337 |
Housing Distribution
Address Breakdown
Residential
554
Single Family
520
Multi-Family
34
Businesses
58
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Listed by: Afton Zelinski-Schmitz • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6759605