1371 Grover Ln NELongvilleMN56655
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 1371 Grover Ln NE, Longville, MN, 56655 in Longville earns a 8.76% gross yield at $299,500. Rent of $2,185/mo nets $315/mo after the $1,347/mo mortgage. The 1.62 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $82,746 and $2,758/yr in equity accumulation project a total cumulative return of $133,892.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 5.5% |
| Monthly Cash Flow | $315 | $450 |
City averages based on Longville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,185 |
| Total Monthly Debt Service | $1,751 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1976
6.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56655, Longville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,162 (100%) |
| Owner Occupied HU | 688 (31.8%) |
| Renter Occupied HU | 74 ( 3.4%) |
| Vacant Housing Units | 1,400 (64.8%) |
| Median Home Value | $422,764 |
| Average Home Value | $465,694 |
Housing Distribution
Address Breakdown
Residential
1,124
Single Family
1,116
Multi-Family
8
Businesses
87
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
Single Family
Built in 1976
6.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56655, Longville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,162 (100%) |
| Owner Occupied HU | 688 (31.8%) |
| Renter Occupied HU | 74 ( 3.4%) |
| Vacant Housing Units | 1,400 (64.8%) |
| Median Home Value | $422,764 |
| Average Home Value | $465,694 |
Housing Distribution
Address Breakdown
Residential
1,124
Single Family
1,116
Multi-Family
8
Businesses
87
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices