1508 Ridgeview DrMontevideoMN56265
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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 Montevideo at 1508 Ridgeview Dr, Montevideo, MN, 56265 uses $41,404 cash to close to unlock $2,501/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $988/mo, and a $611/mo payment keeps the spread at $208/mo. Purchase price stands at $124,900, and rental yield measures 9.49% with $988/mo rent. Return on cash invested shows 25.95% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 135.37% and total cumulative return in cash records $56,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $988/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.70 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: Peggy Gilbertson • 1st Minnesota Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7006366