117 4th StNicolletMN56074
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
Investment Highlights
Rental property for sale in Nicollet at 117 4th St, Nicollet, MN, 56074 priced at $329,000 pairs $2,278/mo rent with $224/mo cash flow after a $1,610/mo payment. Total monthly income equals $2,278/mo, and annual cash flow comes to $2,686/yr on $109,064 invested. Return on cash invested is 22.37% in year one, and rental yield stands at 8.31% on a $329,000 basis. Equity gained on principal adds $2,123/yr, and 5% annual appreciation accumulates to $90,897 by year five. Five-year ROI measures 116.12% and total cumulative return in cash reaches $126,645. For financing, Ziffy Mortgage’s DSCR program evaluates $2,278/mo property income against a $1,610/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56074, Nicollet, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 810 (100%) |
| Owner Occupied HU | 628 (77.5%) |
| Renter Occupied HU | 157 (19.4%) |
| Vacant Housing Units | 25 ( 3.1%) |
| Median Home Value | $337,662 |
| Average Home Value | $367,512 |
Housing Distribution
Address Breakdown
Residential
417
Single Family
388
Multi-Family
29
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Rodning • True Real Estate
Mls Name: RASM
Mls Provider:
Mls ID: #7036946
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-03-24 10:27:23 PDT