119 1st St SWClara CityMN56222
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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 Clara City at 119 1st St SW, Clara City, MN, 56222 earns $161/mo cash flow from $847/mo rent with a $538/mo payment. Total monthly income totals $847/mo, and annual cash flow totals $1,926/yr on $36,465 capital. ROI tracks 25.19% on current figures, and rental yield reads 9.24% at a $110,000 purchase. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 over five years. Five-year ROI reaches 131.3% and total cumulative return in cash sums $47,880. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $847/mo property income instead of your personal income.
Single Family
Built in 1950
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56222, Clara City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 840 (100%) |
| Owner Occupied HU | 570 (67.9%) |
| Renter Occupied HU | 172 (20.5%) |
| Vacant Housing Units | 98 (11.7%) |
| Median Home Value | $204,091 |
| Average Home Value | $227,978 |
Housing Distribution
Address Breakdown
Residential
417
Single Family
331
Multi-Family
86
Businesses
64
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Listed by: Rachel Kay Orsten • Legacy Land & Home
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6785127