129 Highlands BlvdMelroseMN56352
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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 Melrose at 129 Highlands Blvd, Melrose, MN, 56352 priced at $489,900 converts $1,800/mo rent into after a $2,398/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 10.6% in year one, and rental yield reads 4.41% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 53.02% and total cumulative return in cash sums $86,105. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56352, Melrose, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,428 (100%) |
| Owner Occupied HU | 1,693 (69.7%) |
| Renter Occupied HU | 509 (21.0%) |
| Vacant Housing Units | 226 ( 9.3%) |
| Median Home Value | $323,153 |
| Average Home Value | $382,620 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
1,954
Multi-Family
235
Businesses
146
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