108 N Secor StBricelynMN56014
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
Investment Highlights
Rental property for sale in Bricelyn at 108 N Secor St, Bricelyn, MN, 56014 offers $1,114/mo rent that, after a $680/mo payment, leaves $246/mo cash flow. Total monthly income is $1,114/mo, and annual cash flow is $2,956/yr on $46,079 cash. Return on cash invested measures 26.32% in year one, and rental yield stands at 9.62% at a $139,000 entry. Equity gained on principal adds $897/yr while 5% annual appreciation compounds into $38,403 by year five. Five-year ROI records 137.37% and total cumulative return in cash reaches $63,296. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,114/mo property income versus a $680/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1937
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56014, Bricelyn, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 371 (100%) |
| Owner Occupied HU | 261 (70.4%) |
| Renter Occupied HU | 73 (19.7%) |
| Vacant Housing Units | 37 ( 10.0%) |
| Median Home Value | $114,375 |
| Average Home Value | $229,511 |
Housing Distribution
Address Breakdown
Residential
249
Single Family
237
Multi-Family
12
Businesses
12
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