115 Barber CirGranite FallsMN56241
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 115 Barber Cir, Granite Falls, MN, 56241 in Granite Falls at $588,000, 1.49% gross yield, is a market-growth asset. Rental yield 1.49%. The $732/mo rent partially funds the $2,644/mo debt service; the core return is the 5%/yr price growth projected to add $162,454 over five years. Ziffy Mortgage's DSCR mortgage (0.28) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $33,976.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.5% | 5.5% |
| Monthly Cash Flow | $(2,940) | $280 |
City averages based on Granite Falls market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $732 |
| Total Monthly Debt Service | $3,438 |
| DSCR Ratio | 0.21x |
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 2025
0.38 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56241, Granite Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,873 (100%) |
| Owner Occupied HU | 1,248 (66.6%) |
| Renter Occupied HU | 435 (23.2%) |
| Vacant Housing Units | 190 (10.1%) |
| Median Home Value | $208,222 |
| Average Home Value | $238,227 |
Housing Distribution
Address Breakdown
Residential
1,750
Single Family
1,508
Multi-Family
242
Businesses
195
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 2025
0.38 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56241, Granite Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,873 (100%) |
| Owner Occupied HU | 1,248 (66.6%) |
| Renter Occupied HU | 435 (23.2%) |
| Vacant Housing Units | 190 (10.1%) |
| Median Home Value | $208,222 |
| Average Home Value | $238,227 |
Housing Distribution
Address Breakdown
Residential
1,750
Single Family
1,508
Multi-Family
242
Businesses
195
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Sue Kruger • Weichert REALTORS Tower Properties - Granite Falls
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6821500