119 2nd St NEFreeportMN56331
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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 Freeport at 119 2nd St NE, Freeport, MN, 56331 earns $512/mo cash flow from $2,066/mo rent with a $1,218/mo payment. Total monthly income totals $2,066/mo, and annual cash flow totals $6,144/yr on $82,510 capital. ROI tracks 27.36% on current figures, and rental yield reads 9.96% at a $248,900 purchase. Equity gained on principal adds $1,606/yr, and 5% annual appreciation supports $68,766 over five years. Five-year ROI reaches 142.83% and total cumulative return in cash sums $117,853. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,066/mo property income instead of your personal income.
Single Family
Built in 1925
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56331, Freeport, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 901 (100%) |
| Owner Occupied HU | 743 (82.5%) |
| Renter Occupied HU | 107 (11.9%) |
| Vacant Housing Units | 51 ( 5.7%) |
| Median Home Value | $386,111 |
| Average Home Value | $495,000 |
Housing Distribution
Address Breakdown
Residential
652
Single Family
633
Multi-Family
19
Businesses
50
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