108 S 3rd StMontevideoMN56265
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 108 S 3rd St, Montevideo, MN, 56265 in Montevideo speaks for itself: 11.53% gross on a $187,900 price, generating $1,806/mo in rent and $633/mo in net income after the $845/mo debt service. DSCR 2.14, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,592 stacks alongside $51,913 in projected five-year appreciation and $1,731/yr in principal reduction. Projected total cumulative return: $112,029.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 7.0% |
| Monthly Cash Flow | $633 | $500 |
City averages based on Montevideo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,806 |
| Total Monthly Debt Service | $1,099 |
| DSCR Ratio | 1.64x |
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 1910
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56265, Montevideo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,389 (100%) |
| Owner Occupied HU | 2,150 (63.4%) |
| Renter Occupied HU | 914 (27.0%) |
| Vacant Housing Units | 325 ( 9.6%) |
| Median Home Value | $177,064 |
| Average Home Value | $230,790 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
2,995
Multi-Family
415
Businesses
346
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 1910
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56265, Montevideo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,389 (100%) |
| Owner Occupied HU | 2,150 (63.4%) |
| Renter Occupied HU | 914 (27.0%) |
| Vacant Housing Units | 325 ( 9.6%) |
| Median Home Value | $177,064 |
| Average Home Value | $230,790 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
2,995
Multi-Family
415
Businesses
346
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices