1217 S Franklin StNew UlmMN56073
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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 New Ulm at 1217 S Franklin St, New Ulm, MN, 56073 offers $1,602/mo rent that, after a $1,052/mo payment, leaves $260/mo cash flow. Total monthly income is $1,602/mo, and annual cash flow is $3,119/yr on $71,239 cash. Return on cash invested measures 24.29% in year one, and rental yield stands at 8.95% at a $214,900 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,373 by year five. Five-year ROI records 126.38% and total cumulative return in cash reaches $90,030. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,602/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56073, New Ulm, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,755 (100%) |
| Owner Occupied HU | 5,599 (72.2%) |
| Renter Occupied HU | 1,724 (22.2%) |
| Vacant Housing Units | 432 ( 5.6%) |
| Median Home Value | $237,607 |
| Average Home Value | $276,836 |
Housing Distribution
Address Breakdown
Residential
7,563
Single Family
6,236
Multi-Family
1,327
Businesses
600
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Listed by: Lisa Besemer • New Ulm Real Estate LLC
Mls Name: RASM
Mls Provider:
Mls ID: #7036038
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2024-02-12 10:03:05 PST