106 W Nokomis StOsakisMN56360
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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 Osakis at 106 W Nokomis St, Osakis, MN, 56360 uses $62,952 cash to close to unlock $3,320/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $1,462/mo, and a $929/mo payment keeps the spread at $277/mo. Purchase price stands at $189,900, and rental yield measures 9.24% with $1,462/mo rent. Return on cash invested shows 25.18% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 131.21% and total cumulative return in cash records $82,601. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,462/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1914
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56360, Osakis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,701 (100%) |
| Owner Occupied HU | 1,453 (53.8%) |
| Renter Occupied HU | 315 (11.7%) |
| Vacant Housing Units | 933 (34.5%) |
| Median Home Value | $307,944 |
| Average Home Value | $348,918 |
Housing Distribution
Address Breakdown
Residential
1,725
Single Family
1,610
Multi-Family
115
Businesses
98
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