137 Memorial Dr NWBlooming PrairieMN55917
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 Blooming Prairie at 137 Memorial Dr NW, Blooming Prairie, MN, 55917 priced at $239,900 converts $2,387/mo rent into $889/mo cash flow after a $1,174/mo obligation. Total monthly income equals $2,387/mo, and annual cash flow totals $10,670/yr on $79,527 invested. Return on cash invested prints 33.33% in year one, and rental yield reads 11.94% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 174.92% and total cumulative return in cash sums $139,111. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,387/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1952
10,193 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55917, Blooming Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,547 (100%) |
| Owner Occupied HU | 1,204 (77.8%) |
| Renter Occupied HU | 250 (16.2%) |
| Vacant Housing Units | 93 ( 6.0%) |
| Median Home Value | $253,784 |
| Average Home Value | $312,600 |
Housing Distribution
Address Breakdown
Residential
1,182
Single Family
1,162
Multi-Family
20
Businesses
116
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Listed by: Julie M Fink • Re/Max Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7007863