112 W 3rd Ave NAuroraMN55705
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 112 W 3rd Ave N, Aurora, MN, 55705 in Aurora. Rental yield 4.03%. At $116,000 with 4.03% gross yield, current distributions are modest, but the 5% appreciation rate projects $32,049 in new equity by year five, complemented by $1,068/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.75) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $22,515.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4% | 7.2% |
| Monthly Cash Flow | $(334) | $350 |
City averages based on Aurora market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $390 |
| Total Monthly Debt Service | $678 |
| DSCR Ratio | 0.58x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1903
4,356 sqft lot
$N/A/sqft
No HOA
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 1903
4,356 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Collelo • Tim Collelo Realty, LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120281
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.