109 Apache St NWPrincetonMN55371
Nearby investment properties with comparable rents
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 Princeton at 109 Apache St NW, Princeton, MN, 55371 priced at $115,000 converts $892/mo rent into $174/mo cash flow after a $563/mo obligation. Total monthly income equals $892/mo, and annual cash flow totals $2,085/yr on $38,123 invested. Return on cash invested prints 25.38% in year one, and rental yield reads 9.31% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 132.29% and total cumulative return in cash sums $50,433. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $892/mo property income covering a $563/mo payment, not borrower’s personal income.
Manufactured
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55371, Princeton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,871 (100%) |
| Owner Occupied HU | 5,419 (78.9%) |
| Renter Occupied HU | 1,108 (16.1%) |
| Vacant Housing Units | 344 ( 5.0%) |
| Median Home Value | $332,107 |
| Average Home Value | $352,440 |
Housing Distribution
Address Breakdown
Residential
6,936
Single Family
6,457
Multi-Family
479
Businesses
461
Nearby investment properties with comparable rents
Listed by: Amanda Koch • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6722332
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