12176 2nd StNorthomeMN56661
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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 Northome at 12176 2nd St, Northome, MN, 56661 generates $1,340/mo in rent, after a $1,073/mo payment. Total monthly income is $1,340/mo. Return on cash invested sits at 19.43% in year one, and rental yield is 7.33% on a $219,300 entry. Equity gained on principal adds $1,415/yr, while 5% annual appreciation builds toward $60,589 over five years. Five-year ROI reaches 100.34% and total cumulative return in cash sums $72,943. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,340/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56661, Northome, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 691 (100%) |
| Owner Occupied HU | 331 (47.9%) |
| Renter Occupied HU | 43 ( 6.2%) |
| Vacant Housing Units | 317 (45.9%) |
| Median Home Value | $207,738 |
| Average Home Value | $261,601 |
Housing Distribution
Address Breakdown
Residential
344
Single Family
334
Multi-Family
10
Businesses
42
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