117 2nd St SWMadeliaMN56062
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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
Investment property for sale in Madelia at 117 2nd St SW, Madelia, MN, 56062 offers a 18.95% rental yield on a $122,600 purchase with $1,936/mo rent. Total monthly income registers $1,936/mo, and a $600/mo payment leaves $1,162/mo available for distribution. Annual cash flow reaches $13,945/yr on $40,642 to close, and return on cash invested stands at 54.22% in year one. Equity gained on principal adds $791/yr while 5% annual appreciation supports $33,872 over five years. Portfolio math shows five-year ROI at 287.13% and total cumulative return in cash at $116,695. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,936/mo property income against a $600/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.41 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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