13 2nd Ave SWLong PrairieMN56347
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
Investment Highlights
Rental property for sale in Long Prairie at 13 2nd Ave SW, Long Prairie, MN, 56347 generates $1,411/mo in rent and, after a $881/mo payment, leaves $287/mo in cash flow. Total monthly income is $1,411/mo, and annual cash flow is $3,446/yr on $59,637 invested. Return on cash invested sits at 25.69% in year one, and rental yield is 9.41% on a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 133.95% and total cumulative return in cash sums $79,881. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,411/mo property income rather than buyer’s personal income.
Single Family
Built in 1895
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56347, Long Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,042 (100%) |
| Owner Occupied HU | 1,965 (64.6%) |
| Renter Occupied HU | 718 (23.6%) |
| Vacant Housing Units | 359 (11.8%) |
| Median Home Value | $233,362 |
| Average Home Value | $269,607 |
Housing Distribution
Address Breakdown
Residential
2,848
Single Family
2,523
Multi-Family
325
Businesses
240
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Listed by: Aimee Hegg • Central MN Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6802756