1319 4th AveNewportMN55055
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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 Newport at 1319 4th Ave, Newport, MN, 55055 generates $1,723/mo in rent and, after a $1,223/mo payment, leaves $126/mo in cash flow. Total monthly income is $1,723/mo, and annual cash flow is $1,509/yr on $82,842 invested. Return on cash invested sits at 21.73% in year one, and rental yield is 8.27% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 112.87% and total cumulative return in cash sums $93,506. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,723/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Jayne A Hoaglund • RE/MAX Preferred
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6729287
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