10955 199th Ave NENew LondonMN56273
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing10955 199th Ave NE, New London, MN, 56273 in New London is a stable, well-positioned rental at $300,000. Rental yield 6.92%. DSCR 1.28 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $82,884 in value and $2,763/yr in principal paydown builds equity, a total projected return of $104,596.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.9% | 7.0% |
| Monthly Cash Flow | $(143) | $450 |
City averages based on New London market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,730 |
| Total Monthly Debt Service | $1,754 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1994
5.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56273, New London, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,535 (100%) |
| Owner Occupied HU | 1,809 (71.4%) |
| Renter Occupied HU | 265 (10.5%) |
| Vacant Housing Units | 461 (18.2%) |
| Median Home Value | $388,316 |
| Average Home Value | $476,165 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,874
Multi-Family
122
Businesses
155
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 1994
5.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56273, New London, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,535 (100%) |
| Owner Occupied HU | 1,809 (71.4%) |
| Renter Occupied HU | 265 (10.5%) |
| Vacant Housing Units | 461 (18.2%) |
| Median Home Value | $388,316 |
| Average Home Value | $476,165 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,874
Multi-Family
122
Businesses
155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lindsay Marks • Edina Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7010789