126 Mill StMinnesota CityMN55959
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 126 Mill St, Minnesota City, MN, 55959 in Minnesota City. Rental yield 5.58%. At $199,900 with 5.58% gross yield, current distributions are modest, but the 5% appreciation rate projects $55,229 in new equity by year five, complemented by $1,841/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.03) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $55,406.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 6.5% |
| Monthly Cash Flow | $(318) | $550 |
City averages based on Minnesota City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $930 |
| Total Monthly Debt Service | $1,169 |
| DSCR Ratio | 0.80x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1882
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55959, Minnesota City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 911 (69.4%) |
| Renter Occupied HU | 304 (23.2%) |
| Vacant Housing Units | 97 ( 7.4%) |
| Median Home Value | $266,715 |
| Average Home Value | $346,918 |
Housing Distribution
Address Breakdown
Residential
874
Single Family
668
Multi-Family
206
Businesses
46
Nearby investment properties with comparable rents
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
Single Family
Built in 1882
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55959, Minnesota City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 911 (69.4%) |
| Renter Occupied HU | 304 (23.2%) |
| Vacant Housing Units | 97 ( 7.4%) |
| Median Home Value | $266,715 |
| Average Home Value | $346,918 |
Housing Distribution
Address Breakdown
Residential
874
Single Family
668
Multi-Family
206
Businesses
46
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rick Witt • Homes Plus Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7023342