155 Hickory Ave NEMontgomeryMN56069
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 Montgomery at 155 Hickory Ave NE, Montgomery, MN, 56069 priced at $299,000 converts $2,155/mo rent into $288/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,155/mo, and annual cash flow totals $3,460/yr on $99,119 invested. Return on cash invested prints 23.4% in year one, and rental yield reads 8.65% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 121.65% and total cumulative return in cash sums $120,574. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,155/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56069, Montgomery, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,200 (100%) |
| Owner Occupied HU | 1,638 (74.5%) |
| Renter Occupied HU | 419 (19.0%) |
| Vacant Housing Units | 143 ( 6.5%) |
| Median Home Value | $347,687 |
| Average Home Value | $457,990 |
Housing Distribution
Address Breakdown
Residential
2,100
Single Family
1,997
Multi-Family
103
Businesses
140
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trevor Houn • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6797611