16 1st St EAdaMN56510
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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
Rental property for sale in Ada at 16 1st St E, Ada, MN, 56510 generates $938/mo in rent and, after a $609/mo payment, leaves $161/mo in cash flow. Total monthly income is $938/mo, and annual cash flow is $1,931/yr on $41,272 invested. Return on cash invested sits at 24.59% in year one, and rental yield is 9.04% on a $124,500 entry. Equity gained on principal adds $803/yr, while 5% annual appreciation builds toward $34,397 over five years. Five-year ROI reaches 128% and total cumulative return in cash sums $52,828. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $938/mo property income rather than buyer’s personal income.
Single Family
Built in 1931
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56510, Ada, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,117 (100%) |
| Owner Occupied HU | 723 (64.7%) |
| Renter Occupied HU | 247 (22.1%) |
| Vacant Housing Units | 147 (13.2%) |
| Median Home Value | $169,360 |
| Average Home Value | $221,387 |
Housing Distribution
Address Breakdown
Residential
1,005
Single Family
885
Multi-Family
120
Businesses
159
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