1208 230th AveOgilvieMN56358
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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
Rental property for sale in Ogilvie at 1208 230th Ave, Ogilvie, MN, 56358 generates $2,092/mo in rent and, after a $1,126/mo payment, leaves $656/mo in cash flow. Total monthly income is $2,092/mo, and annual cash flow is $7,866/yr on $76,245 invested. Return on cash invested sits at 30.23% in year one, and rental yield is 10.91% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 158.26% and total cumulative return in cash sums $120,667. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,092/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56358, Ogilvie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,416 (100%) |
| Owner Occupied HU | 1,095 (77.3%) |
| Renter Occupied HU | 185 (13.1%) |
| Vacant Housing Units | 136 ( 9.6%) |
| Median Home Value | $289,043 |
| Average Home Value | $317,578 |
Housing Distribution
Address Breakdown
Residential
1,321
Single Family
1,306
Multi-Family
15
Businesses
35
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