16 State St EKensingtonMN56343
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
Investment property for sale in Kensington at 16 State St E, Kensington, MN, 56343 at $119,900 posts ROI 24.65% with $157/mo cash flow from $906/mo rent. Total monthly income equals $906/mo, and annual cash flow records $1,886/yr on $39,747 to close. Return on cash invested measures 24.65% and rental yield reads 9.07% at the current $119,900. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 by year five. Five-year ROI prints 128.49% and total cumulative return in cash totals $51,072.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $906/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1918
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56343, Kensington, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 492 (100%) |
| Owner Occupied HU | 339 (68.9%) |
| Renter Occupied HU | 42 ( 8.5%) |
| Vacant Housing Units | 111 (22.6%) |
| Median Home Value | $345,513 |
| Average Home Value | $380,501 |
Housing Distribution
Address Breakdown
Residential
307
Single Family
307
Multi-Family
0
Businesses
32
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Nearby investment properties with comparable prices
Listed by: Kristine Telkamp • Counselor Realty Inc of Alex
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6728412
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