106 Rich AveBarrettMN56311
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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 Barrett at 106 Rich Ave, Barrett, MN, 56311 priced at $144,900 converts $1,106/mo rent into $201/mo cash flow after a $709/mo obligation. Total monthly income equals $1,106/mo, and annual cash flow totals $2,417/yr on $48,034 invested. Return on cash invested prints 24.94% in year one, and rental yield reads 9.16% against a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation compiles into $40,033 by year five. Five-year ROI reaches 129.96% and total cumulative return in cash sums $62,425. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,106/mo property income covering a $709/mo payment, not borrower’s personal income.
Single Family
Built in 1908
4,965 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56311, Barrett, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 393 (100%) |
| Owner Occupied HU | 272 (69.2%) |
| Renter Occupied HU | 47 (12.0%) |
| Vacant Housing Units | 74 (18.8%) |
| Median Home Value | $311,905 |
| Average Home Value | $543,281 |
Housing Distribution
Address Breakdown
Residential
231
Single Family
231
Multi-Family
0
Businesses
16
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