161 Mindy Ln APT 9MontroseMN55363
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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 Montrose at 161 Mindy Ln APT 9, Montrose, MN, 55363 generates $865/mo in rent and, after a $558/mo payment, leaves $153/mo in cash flow. Total monthly income is $865/mo, and annual cash flow is $1,837/yr on $37,791 invested. Return on cash invested sits at 24.77% in year one, and rental yield is 9.11% on a $114,000 entry. Equity gained on principal adds $736/yr, while 5% annual appreciation builds toward $31,496 over five years. Five-year ROI reaches 129.13% and total cumulative return in cash sums $48,799. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $865/mo property income rather than buyer’s personal income.
Condo
Built in 1985
784.08 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55363, Montrose, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,941 (100%) |
| Owner Occupied HU | 1,608 (82.8%) |
| Renter Occupied HU | 265 (13.7%) |
| Vacant Housing Units | 68 ( 3.5%) |
| Median Home Value | $362,338 |
| Average Home Value | $403,206 |
Housing Distribution
Address Breakdown
Residential
1,943
Single Family
1,738
Multi-Family
205
Businesses
54
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