116 Mill StPetersonMN55962
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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 Peterson at 116 Mill St, Peterson, MN, 55962 generates $803/mo in rent and, after a $489/mo payment, leaves $179/mo in cash flow. Total monthly income is $803/mo, and annual cash flow is $2,148/yr on $33,150 invested. Return on cash invested sits at 26.39% in year one, and rental yield is 9.64% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 137.6% and total cumulative return in cash sums $45,616. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $803/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55962, Peterson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 362 (100%) |
| Owner Occupied HU | 281 (77.6%) |
| Renter Occupied HU | 28 ( 7.7%) |
| Vacant Housing Units | 53 (14.6%) |
| Median Home Value | $375,000 |
| Average Home Value | $447,109 |
Housing Distribution
Address Breakdown
Residential
306
Single Family
306
Multi-Family
0
Businesses
14
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