1514 3rd St SENew PragueMN56071
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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 Prague at 1514 3rd St SE, New Prague, MN, 56071 listed at $359,000 pairs $3,366/mo rent with a $1,757/mo payment to leave $1,124/mo cash flow. Total monthly income runs $3,366/mo, and annual cash flow reaches $13,492/yr on $119,009 cash to close. Return on cash invested measures 31.25% in year one, and rental yield registers 11.25% at a $359,000 basis. Equity gained on principal adds $2,317/yr, and annual property appreciation at 5% supports $99,185 by year five. Five-year ROI tracks 163.74% and total cumulative return in cash totals $194,863. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,366/mo property income relative to a $1,757/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2003
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56071, New Prague, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,103 (100%) |
| Owner Occupied HU | 4,059 (79.5%) |
| Renter Occupied HU | 835 (16.4%) |
| Vacant Housing Units | 209 ( 4.1%) |
| Median Home Value | $425,546 |
| Average Home Value | $466,784 |
Housing Distribution
Address Breakdown
Residential
5,037
Single Family
4,633
Multi-Family
404
Businesses
337
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Listed by: Gothan M Krocak • Kubes Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6773171