13 N Court StMorrisMN56267
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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
Investment property for sale in Morris at 13 N Court St, Morris, MN, 56267 with 5% annual appreciation on a $193,900 basis while $1,553/mo rent supports operations. Total monthly income totals $1,553/mo and a $949/mo payment preserves $342/mo for cash returns. Annual cash flow comes to $4,107/yr on $64,278 deployed, and return on cash invested reaches 26.3% in year one. Equity gained on principal adds $1,251/yr, and five-year appreciation sums $53,571 alongside rental yield of 9.61%. Five-year ROI measures 137.24% and total cumulative return in cash totals $88,213.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,553/mo property income versus a $949/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56267, Morris, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,997 (100%) |
| Owner Occupied HU | 1,589 (53.0%) |
| Renter Occupied HU | 1,041 (34.7%) |
| Vacant Housing Units | 367 (12.2%) |
| Median Home Value | $262,671 |
| Average Home Value | $312,373 |
Housing Distribution
Address Breakdown
Residential
2,810
Single Family
2,178
Multi-Family
632
Businesses
344
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