110 1st Ave NE UNIT 7New LondonMN56273
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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
Investment property for sale in New London at 110 1st Ave NE UNIT 7, New London, MN, 56273 uses $62,654 cash to close to unlock $4,522/yr annual cash flow and $377/mo monthly cash flow. Total monthly income runs $1,832/mo, and a $925/mo payment keeps the spread at $377/mo. Purchase price stands at $189,000, and rental yield measures 11.63% with $1,832/mo rent. Return on cash invested shows 27.13% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 143.51% and total cumulative return in cash records $89,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,832/mo property income covering a $925/mo payment rather than investor’s personal income.
Townhouse
Built in 1992
0.90 Acres lot
$N/A/sqft
$275 monthly 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
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Listed by: N/A • N/A
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