1221 3rd AveWorthingtonMN56187
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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 Worthington at 1221 3rd Ave, Worthington, MN, 56187 offers a 9.43% rental yield on a $200,000 purchase with $1,572/mo rent. Total monthly income registers $1,572/mo, and a $979/mo payment leaves $323/mo available for distribution. Annual cash flow reaches $3,876/yr on $66,300 to close, and return on cash invested stands at 25.76% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 134.26% and total cumulative return in cash at $89,012. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,572/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1935
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56187, Worthington, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,198 (100%) |
| Owner Occupied HU | 3,088 (59.4%) |
| Renter Occupied HU | 1,780 (34.2%) |
| Vacant Housing Units | 330 ( 6.3%) |
| Median Home Value | $213,663 |
| Average Home Value | $246,895 |
Housing Distribution
Address Breakdown
Residential
5,313
Single Family
4,417
Multi-Family
896
Businesses
514
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Nearby investment properties with comparable prices
Listed by: Phillip Willardson • Johnson Builders & Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6673914
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