122 N Wallace StIvanhoeMN56142
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 Ivanhoe at 122 N Wallace St, Ivanhoe, MN, 56142 priced at $145,000 converts $0/mo rent into after a $710/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.7% in year one, and rental yield reads 0% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56142, Ivanhoe, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 602 (100%) |
| Owner Occupied HU | 382 (63.5%) |
| Renter Occupied HU | 103 (17.1%) |
| Vacant Housing Units | 117 (19.4%) |
| Median Home Value | $165,625 |
| Average Home Value | $221,571 |
Housing Distribution
Address Breakdown
Residential
418
Single Family
365
Multi-Family
53
Businesses
53
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices