1598 Salem Ct SW, Rochester, MN, 55902 | 5.93% Rental Yield

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Rochester at 1598 Salem Ct SW, Rochester, MN, 55902 generates $3,260/mo in rent, after a $3,231/mo payment. Total monthly income is $3,260/mo. Return on cash invested sits at 2.23% in year one, and rental yield is 5.93% on a $660,200 entry. Equity gained on principal adds $4,260/yr, while 5% annual appreciation builds toward $182,401 over five years. Five-year ROI reaches 12.81% and total cumulative return in cash sums $27,828. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,260/mo property income rather than buyer’s personal income.

Condo

Built in 2007

3,833 sqft lot

$N/A/sqft

$2,300 monthly HOA