1318 Chestnut Ave WOliviaMN56277
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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 Olivia at 1318 Chestnut Ave W, Olivia, MN, 56277 generates $2,220/mo in rent and, after a $1,517/mo payment, leaves $285/mo in cash flow. Total monthly income is $2,220/mo, and annual cash flow is $3,416/yr on $102,732 invested. Return on cash invested sits at 23.23% in year one, and rental yield is 8.6% on a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 120.76% and total cumulative return in cash sums $124,056. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,220/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56277, Olivia, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,418 (100%) |
| Owner Occupied HU | 905 (63.8%) |
| Renter Occupied HU | 369 (26.0%) |
| Vacant Housing Units | 144 (10.2%) |
| Median Home Value | $226,480 |
| Average Home Value | $261,130 |
Housing Distribution
Address Breakdown
Residential
1,331
Single Family
1,143
Multi-Family
188
Businesses
207
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