112 3rd St NKandiyohiMN56251
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
Investment Highlights
Investment property for sale in Kandiyohi at 112 3rd St N, Kandiyohi, MN, 56251 offers a 11.55% rental yield on a $169,000 purchase with $1,627/mo rent. Total monthly income registers $1,627/mo, and a $827/mo payment leaves $572/mo available for distribution. Annual cash flow reaches $6,862/yr on $56,024 to close, and return on cash invested stands at 32.16% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 168.61% and total cumulative return in cash at $94,459. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,627/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56251, Kandiyohi, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 451 (100%) |
| Owner Occupied HU | 331 (73.4%) |
| Renter Occupied HU | 95 (21.1%) |
| Vacant Housing Units | 25 ( 5.5%) |
| Median Home Value | $326,786 |
| Average Home Value | $373,520 |
Housing Distribution
Address Breakdown
Residential
327
Single Family
279
Multi-Family
48
Businesses
20
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices