110 1st St SWNew PragueMN56071
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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 Prague at 110 1st St SW, New Prague, MN, 56071 listed at $319,900 pairs $2,369/mo rent with a $1,566/mo payment to leave $371/mo cash flow. Total monthly income runs $2,369/mo, and annual cash flow reaches $4,454/yr on $106,047 cash to close. Return on cash invested measures 24.11% in year one, and rental yield registers 8.89% at a $319,900 basis. Equity gained on principal adds $2,064/yr, and annual property appreciation at 5% supports $88,382 by year five. Five-year ROI tracks 125.48% and total cumulative return in cash totals $133,064. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,369/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56071, New Prague, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,103 (100%) |
| Owner Occupied HU | 4,059 (79.5%) |
| Renter Occupied HU | 835 (16.4%) |
| Vacant Housing Units | 209 ( 4.1%) |
| Median Home Value | $425,546 |
| Average Home Value | $466,784 |
Housing Distribution
Address Breakdown
Residential
5,037
Single Family
4,633
Multi-Family
404
Businesses
337
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Nearby investment properties with comparable prices
Listed by: Randolph J Kubes • Kubes Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6809746