1442 7th St NNew UlmMN56073
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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
Investment property for sale in New Ulm at 1442 7th St N, New Ulm, MN, 56073 uses $82,842 cash to close to unlock $3,932/yr annual cash flow and $328/mo monthly cash flow. Total monthly income runs $1,888/mo, and a $1,223/mo payment keeps the spread at $328/mo. Purchase price stands at $249,900, and rental yield measures 9.07% with $1,888/mo rent. Return on cash invested shows 24.65% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 128.37% and total cumulative return in cash records $106,346. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,888/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Condo
Built in 2001
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56073, New Ulm, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,755 (100%) |
| Owner Occupied HU | 5,599 (72.2%) |
| Renter Occupied HU | 1,724 (22.2%) |
| Vacant Housing Units | 432 ( 5.6%) |
| Median Home Value | $237,607 |
| Average Home Value | $276,836 |
Housing Distribution
Address Breakdown
Residential
7,563
Single Family
6,236
Multi-Family
1,327
Businesses
600
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