1433 Ridgeview DrMontevideoMN56265
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 Montevideo at 1433 Ridgeview Dr, Montevideo, MN, 56265 offers $2,263/mo rent that, after a $1,248/mo payment, leaves $671/mo cash flow. Total monthly income is $2,263/mo, and annual cash flow is $8,049/yr on $84,533 cash. Return on cash invested measures 29.43% in year one, and rental yield stands at 10.65% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 153.98% and total cumulative return in cash reaches $130,160. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,263/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
7.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56265, Montevideo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,389 (100%) |
| Owner Occupied HU | 2,150 (63.4%) |
| Renter Occupied HU | 914 (27.0%) |
| Vacant Housing Units | 325 ( 9.6%) |
| Median Home Value | $177,064 |
| Average Home Value | $230,790 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
2,995
Multi-Family
415
Businesses
346
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Listed by: Bruce D Vien • Kuhlmann Real Estate, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6705950