1121 Apple CirMayerMN55360
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Mayer rental at 1121 Apple Cir, Mayer, MN, 55360 sits in the solid-income band: 9.42% gross yield, $3,023/mo rent, $619/mo net after the $1,731/mo debt service, DSCR 1.75. Entry price of $384,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $106,341 and $3,545/yr in principal reduction bring total cumulative return to $185,923.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.5% |
| Monthly Cash Flow | $619 | $850 |
City averages based on Mayer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,023 |
| Total Monthly Debt Service | $2,250 |
| DSCR Ratio | 1.34x |
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 2002
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55360, Mayer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 1,107 (90.5%) |
| Renter Occupied HU | 86 ( 7.0%) |
| Vacant Housing Units | 30 ( 2.5%) |
| Median Home Value | $355,043 |
| Average Home Value | $409,779 |
Housing Distribution
Address Breakdown
Residential
1,180
Single Family
1,170
Multi-Family
10
Businesses
56
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 2002
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55360, Mayer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 1,107 (90.5%) |
| Renter Occupied HU | 86 ( 7.0%) |
| Vacant Housing Units | 30 ( 2.5%) |
| Median Home Value | $355,043 |
| Average Home Value | $409,779 |
Housing Distribution
Address Breakdown
Residential
1,180
Single Family
1,170
Multi-Family
10
Businesses
56
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices