111 7th St ECanbyMN56220
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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 Canby at 111 7th St E, Canby, MN, 56220 uses $65,670 cash to close to unlock $3,677/yr annual cash flow and $306/mo monthly cash flow. Total monthly income runs $1,646/mo, and a $970/mo payment keeps the spread at $306/mo. Purchase price stands at $198,100, and rental yield measures 9.97% with $1,646/mo rent. Return on cash invested shows 25.51% in year one, and 5% annual appreciation builds toward $54,731 over five years. Five-year ROI reaches 133.67% and total cumulative return in cash records $87,779. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,646/mo property income covering a $970/mo payment rather than investor’s personal income.
Single Family
Built in 1991
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56220, Canby, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,293 (100%) |
| Owner Occupied HU | 910 (70.4%) |
| Renter Occupied HU | 219 (16.9%) |
| Vacant Housing Units | 164 (12.7%) |
| Median Home Value | $191,463 |
| Average Home Value | $240,827 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,187
Multi-Family
110
Businesses
117
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