11733 Spruce DrMonticelloMN55362
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 11733 Spruce Dr, Monticello, MN, 55362 in Monticello achieves a 1.58 ratio at $260,000: $1,849/mo rent versus $1,169/mo debt service. Rental yield 8.53%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.53% yield compounds alongside 5% annual appreciation projecting $71,833 in value. Total projected cumulative return: $113,169.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.0% |
| Monthly Cash Flow | $(152) | $150 |
City averages based on Monticello market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,849 |
| Total Monthly Debt Service | $1,520 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Townhouse
Built in 2005
2,395 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55362, Monticello, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,276 (100%) |
| Owner Occupied HU | 6,225 (75.2%) |
| Renter Occupied HU | 1,750 (21.1%) |
| Vacant Housing Units | 301 ( 3.6%) |
| Median Home Value | $358,209 |
| Average Home Value | $406,696 |
Housing Distribution
Address Breakdown
Residential
8,051
Single Family
6,827
Multi-Family
1,224
Businesses
606
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
Townhouse
Built in 2005
2,395 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55362, Monticello, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,276 (100%) |
| Owner Occupied HU | 6,225 (75.2%) |
| Renter Occupied HU | 1,750 (21.1%) |
| Vacant Housing Units | 301 ( 3.6%) |
| Median Home Value | $358,209 |
| Average Home Value | $406,696 |
Housing Distribution
Address Breakdown
Residential
8,051
Single Family
6,827
Multi-Family
1,224
Businesses
606
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathy Tadych • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7023354