118 E Main StCyrusMN56323
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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 Cyrus at 118 E Main St, Cyrus, MN, 56323 priced at $124,900 converts $986/mo rent into $206/mo cash flow after a $611/mo obligation. Total monthly income equals $986/mo, and annual cash flow totals $2,477/yr on $41,404 invested. Return on cash invested prints 25.89% in year one, and rental yield reads 9.47% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. Five-year ROI reaches 135.05% and total cumulative return in cash sums $55,918. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $986/mo property income covering a $611/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56323, Cyrus, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 261 (100%) |
| Owner Occupied HU | 198 (75.9%) |
| Renter Occupied HU | 39 (14.9%) |
| Vacant Housing Units | 24 ( 9.2%) |
| Median Home Value | $306,122 |
| Average Home Value | $355,947 |
Housing Distribution
Address Breakdown
Residential
192
Single Family
168
Multi-Family
24
Businesses
13
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