10733 28th St NESaint MichaelMN55376
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Saint Michael rental at 10733 28th St NE, Saint Michael, MN, 55376 sits in the solid-income band: 8.81% gross yield, $3,745/mo rent, $387/mo net after the $2,293/mo debt service, DSCR 1.63. Entry price of $510,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $140,904 and $4,697/yr in principal reduction bring total cumulative return to $229,595.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 3.8% |
| Monthly Cash Flow | $387 | $1,250 |
City averages based on Saint Michael market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,745 |
| Total Monthly Debt Service | $2,982 |
| DSCR Ratio | 1.26x |
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 2021
8,886 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55376, Saint Michael, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 6,333 (85.2%) |
| Renter Occupied HU | 824 (11.1%) |
| Vacant Housing Units | 278 ( 3.7%) |
| Median Home Value | $416,843 |
| Average Home Value | $455,816 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,681
Multi-Family
265
Businesses
334
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 2021
8,886 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55376, Saint Michael, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 6,333 (85.2%) |
| Renter Occupied HU | 824 (11.1%) |
| Vacant Housing Units | 278 ( 3.7%) |
| Median Home Value | $416,843 |
| Average Home Value | $455,816 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,681
Multi-Family
265
Businesses
334
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Josh A Pomerleau • JPW Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7018619