111 4th St SGrove CityMN56243
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 111 4th St S, Grove City, MN, 56243 in Grove City, $169,000, 8.78% gross yield, $181/mo net income. Consider it a market-entry position, the $1,236/mo rent covers the $760/mo payment with a margin, and 5%/yr appreciation is projected to add $46,692 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.63) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $75,739.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 7.0% |
| Monthly Cash Flow | $181 | $900 |
City averages based on Grove City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,236 |
| Total Monthly Debt Service | $988 |
| DSCR Ratio | 1.25x |
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 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56243, Grove City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 714 (100%) |
| Owner Occupied HU | 487 (68.2%) |
| Renter Occupied HU | 145 (20.3%) |
| Vacant Housing Units | 82 (11.5%) |
| Median Home Value | $280,814 |
| Average Home Value | $342,490 |
Housing Distribution
Address Breakdown
Residential
598
Single Family
564
Multi-Family
34
Businesses
41
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 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56243, Grove City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 714 (100%) |
| Owner Occupied HU | 487 (68.2%) |
| Renter Occupied HU | 145 (20.3%) |
| Vacant Housing Units | 82 (11.5%) |
| Median Home Value | $280,814 |
| Average Home Value | $342,490 |
Housing Distribution
Address Breakdown
Residential
598
Single Family
564
Multi-Family
34
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melisa Kelley • Central MN Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6821190