120 New Jersey Ave WGilbertMN55741
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
Investment Highlights
Rental property for sale in Gilbert at 120 New Jersey Ave W, Gilbert, MN, 55741 offers $1,976/mo rent that, after a $1,174/mo payment, leaves $478/mo cash flow. Total monthly income is $1,976/mo, and annual cash flow is $5,738/yr on $79,527 cash. Return on cash invested measures 27.12% in year one, and rental yield stands at 9.88% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 141.67% and total cumulative return in cash reaches $112,663. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,976/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55741, Gilbert, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,775 (100%) |
| Owner Occupied HU | 1,247 (70.3%) |
| Renter Occupied HU | 204 (11.5%) |
| Vacant Housing Units | 324 (18.3%) |
| Median Home Value | $258,913 |
| Average Home Value | $279,970 |
Housing Distribution
Address Breakdown
Residential
977
Single Family
977
Multi-Family
0
Businesses
70
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