113 River St SEPrestonMN55965
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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
Rental property for sale in Preston at 113 River St SE, Preston, MN, 55965 generates $2,333/mo in rent and, after a $636/mo payment, leaves $1,522/mo in cash flow. Total monthly income is $2,333/mo, and annual cash flow is $18,258/yr on $43,095 invested. Return on cash invested sits at 62.28% in year one, and rental yield is 21.54% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 330.17% and total cumulative return in cash sums $142,287. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,333/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55965, Preston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,216 (100%) |
| Owner Occupied HU | 861 (70.8%) |
| Renter Occupied HU | 220 (18.1%) |
| Vacant Housing Units | 135 (11.1%) |
| Median Home Value | $307,554 |
| Average Home Value | $419,019 |
Housing Distribution
Address Breakdown
Residential
910
Single Family
873
Multi-Family
37
Businesses
116
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Listed by: Tim Danielson • Elcor Realty of Rochester Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6604929
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