108 7th St SEGrand MeadowMN55936
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.23% yield at 108 7th St SE, Grand Meadow, MN, 55936 in Grand Meadow is solid, but the $594/mo payment compresses net cash flow to $191/mo at $132,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $36,469 by year five, and $1,216/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.71) without U.S. income documentation. Total projected return: $62,341.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.0% |
| Monthly Cash Flow | $191 | $350 |
City averages based on Grand Meadow market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,015 |
| Total Monthly Debt Service | $772 |
| DSCR Ratio | 1.32x |
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 2003
8,840 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
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 2003
8,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Afton Zelinski-Schmitz • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7008380