1105 3rd St SPrincetonMN55371
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1105 3rd St S, Princeton, MN, 55371 in Princeton is a solid income-producing rental, 10.29% gross yield, $2,015/mo rent, $277/mo net cash flow on a $234,900 buy. DSCR 1.91 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $64,899 and $2,163/yr in principal reduction project a total cumulative return of $108,167.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.0% |
| Monthly Cash Flow | $277 | $850 |
City averages based on Princeton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,015 |
| Total Monthly Debt Service | $1,644 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2003
0.25 Acres lot
$N/A/sqft
$271 monthly 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
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 2003
0.25 Acres lot
$N/A/sqft
$271 monthly 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
Nearby investment properties with comparable prices
Listed by: Brandon Anderson • eHouse Realty, Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6738326
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