116 E 6th StRandallMN56475
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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
Investment Highlights
Investment property for sale in Randall at 116 E 6th St, Randall, MN, 56475 uses $42,067 cash to close to unlock $5,348/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $1,238/mo, and a $621/mo payment keeps the spread at $446/mo. Purchase price stands at $126,900, and rental yield measures 11.71% with $1,238/mo rent. Return on cash invested shows 32.62% in year one, and 5% annual appreciation builds toward $35,060 over five years. Five-year ROI reaches 171.13% and total cumulative return in cash records $71,989. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,238/mo property income covering a $621/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56475, Randall, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 545 (71.5%) |
| Renter Occupied HU | 110 (14.4%) |
| Vacant Housing Units | 107 (14.0%) |
| Median Home Value | $301,456 |
| Average Home Value | $351,188 |
Housing Distribution
Address Breakdown
Residential
653
Single Family
639
Multi-Family
14
Businesses
36
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Nearby investment properties with comparable prices
Listed by: George Moore • Premier Real Estate Services
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6588261
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