16 Line DrMorrisMN56267
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 16 Line Dr, Morris, MN, 56267 in Morris at $374,900, 4.11% gross yield, is a market-growth asset. Rental yield 4.11%. The $1,283/mo rent partially funds the $1,686/mo debt service; the core return is the 5%/yr price growth projected to add $103,578 over five years. Ziffy Mortgage's DSCR mortgage (0.76) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $60,635.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.1% | 5.5% |
| Monthly Cash Flow | $(1,283) | $500 |
City averages based on Morris market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,283 |
| Total Monthly Debt Service | $2,417 |
| DSCR Ratio | 0.53x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2001
4,791 sqft lot
$N/A/sqft
$2,700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56267, Morris, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,997 (100%) |
| Owner Occupied HU | 1,589 (53.0%) |
| Renter Occupied HU | 1,041 (34.7%) |
| Vacant Housing Units | 367 (12.2%) |
| Median Home Value | $262,671 |
| Average Home Value | $312,373 |
Housing Distribution
Address Breakdown
Residential
2,810
Single Family
2,178
Multi-Family
632
Businesses
344
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
Townhouse
Built in 2001
4,791 sqft lot
$N/A/sqft
$2,700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56267, Morris, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,997 (100%) |
| Owner Occupied HU | 1,589 (53.0%) |
| Renter Occupied HU | 1,041 (34.7%) |
| Vacant Housing Units | 367 (12.2%) |
| Median Home Value | $262,671 |
| Average Home Value | $312,373 |
Housing Distribution
Address Breakdown
Residential
2,810
Single Family
2,178
Multi-Family
632
Businesses
344
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mitchell Rohloff • Pomme de Terre Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6681879
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