1128 6th St NWFaribaultMN55021
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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 Faribault at 1128 6th St NW, Faribault, MN, 55021 uses $82,875 cash to close to unlock $2,490/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $1,769/mo, and a $1,224/mo payment keeps the spread at $208/mo. Purchase price stands at $250,000, and rental yield measures 8.49% with $1,769/mo rent. Return on cash invested shows 22.91% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 119.05% and total cumulative return in cash records $98,662. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,769/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1930
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55021, Faribault, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,145 (100%) |
| Owner Occupied HU | 7,913 (65.2%) |
| Renter Occupied HU | 3,251 (26.8%) |
| Vacant Housing Units | 981 ( 8.1%) |
| Median Home Value | $336,085 |
| Average Home Value | $370,419 |
Housing Distribution
Address Breakdown
Residential
11,925
Single Family
9,851
Multi-Family
2,074
Businesses
825
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