145 4th Ave NWElginMN55932
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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 Elgin at 145 4th Ave NW, Elgin, MN, 55932 earns from $1,715/mo rent with a $1,463/mo payment. Total monthly income totals $1,715/mo. ROI tracks 18.07% on current figures, and rental yield reads 6.88% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 93.09% and total cumulative return in cash sums $92,266. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,715/mo property income instead of your personal income.
Single Family
Built in 1987
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55932, Elgin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 806 (100%) |
| Owner Occupied HU | 634 (78.7%) |
| Renter Occupied HU | 127 (15.8%) |
| Vacant Housing Units | 45 ( 5.6%) |
| Median Home Value | $334,783 |
| Average Home Value | $408,486 |
Housing Distribution
Address Breakdown
Residential
629
Single Family
629
Multi-Family
0
Businesses
41
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