1206 3rd St NERochesterMN55906
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
Investment property for sale in Rochester at 1206 3rd St NE, Rochester, MN, 55906 offers a 10.12% rental yield on a $185,000 purchase with $1,560/mo rent. Total monthly income registers $1,560/mo, and a $905/mo payment leaves $405/mo available for distribution. Annual cash flow reaches $4,863/yr on $61,328 to close, and return on cash invested stands at 27.84% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 145.5% and total cumulative return in cash at $89,235. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,560/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55906, Rochester, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,098 (100%) |
| Owner Occupied HU | 6,460 (71.0%) |
| Renter Occupied HU | 2,129 (23.4%) |
| Vacant Housing Units | 509 ( 5.6%) |
| Median Home Value | $407,644 |
| Average Home Value | $436,075 |
Housing Distribution
Address Breakdown
Residential
8,580
Single Family
7,531
Multi-Family
1,049
Businesses
418
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices