118 E Colfax StParkers PrairieMN56361
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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 Parkers Prairie at 118 E Colfax St, Parkers Prairie, MN, 56361 with 5% annual appreciation on a $177,000 basis while $750/mo rent supports operations. 65% in year one. Equity gained on principal adds $1,142/yr, and five-year appreciation sums $48,902 alongside rental yield of 5.08%. Five-year ROI measures 64.07% and total cumulative return in cash totals $37,595. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $750/mo property income versus a $866/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1890
4,791 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Michael P Munson • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6779098