1103 Mulberry Ave NEMontgomeryMN56069
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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
Rental property for sale in Montgomery at 1103 Mulberry Ave NE, Montgomery, MN, 56069 priced at $370,900 converts $3,506/mo rent into $1,190/mo cash flow after a $1,815/mo obligation. Total monthly income equals $3,506/mo, and annual cash flow totals $14,283/yr on $122,953 invested. Return on cash invested prints 31.53% in year one, and rental yield reads 11.34% against a $370,900 entry. Equity gained on principal adds $2,393/yr, while 5% annual appreciation compiles into $102,473 by year five. Five-year ROI reaches 165.23% and total cumulative return in cash sums $203,160. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,506/mo property income covering a $1,815/mo payment, not borrower’s personal income.
Single Family
Built in 2026
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56069, Montgomery, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,200 (100%) |
| Owner Occupied HU | 1,638 (74.5%) |
| Renter Occupied HU | 419 (19.0%) |
| Vacant Housing Units | 143 ( 6.5%) |
| Median Home Value | $347,687 |
| Average Home Value | $457,990 |
Housing Distribution
Address Breakdown
Residential
2,100
Single Family
1,997
Multi-Family
103
Businesses
140
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Listed by: Daniel K Schmitt • Keller Williams Realty Integrity Lakes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7003438