119 2nd St NEFreeportMN56331
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 119 2nd St NE, Freeport, MN, 56331 in Freeport is listed at $248,900 and delivers $2,066/mo in rent and $512/mo in net monthly cash flow. The 9.96% yield and 1.85 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $68,766 over five years, and $2,292/yr in principal reduction supplements cash return. Total projected cumulative return: $127,380.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 8.0% |
| Monthly Cash Flow | $512 | $850 |
City averages based on Freeport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,066 |
| Total Monthly Debt Service | $1,455 |
| DSCR Ratio | 1.42x |
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.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices