113 3rd St NEMadeliaMN56062
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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
Total monthly income runs $1,709/mo, and a $1,419/mo payment. Purchase price stands at $290,000, and rental yield measures 7.07% with $1,709/mo rent. Return on cash invested shows 18.5% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 95.46% and total cumulative return in cash records $91,768. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,709/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56062, Madelia, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,310 (100%) |
| Owner Occupied HU | 862 (65.8%) |
| Renter Occupied HU | 336 (25.6%) |
| Vacant Housing Units | 112 ( 8.5%) |
| Median Home Value | $192,910 |
| Average Home Value | $241,589 |
Housing Distribution
Address Breakdown
Residential
1,306
Single Family
1,132
Multi-Family
174
Businesses
101
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Listed by: Lisa Besemer • New Ulm Real Estate LLC
Mls Name: RASM
Mls Provider:
Mls ID: #7037784
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-06-15 10:54:50 PDT