1622 Toberg StBockMN56313
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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
Investment property for sale in Bock at 1622 Toberg St, Bock, MN, 56313 uses $71,273 cash to close to unlock $4,245/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $1,696/mo, and a $1,052/mo payment keeps the spread at $354/mo. Purchase price stands at $215,000, and rental yield measures 9.47% with $1,696/mo rent. Return on cash invested shows 25.86% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 134.85% and total cumulative return in cash records $96,109. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,696/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56313, Bock, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 42 (100%) |
| Owner Occupied HU | 40 (95.2%) |
| Renter Occupied HU | 0 |
| Vacant Housing Units | 2 ( 4.8%) |
| Median Home Value | $278,571 |
| Average Home Value | $331,938 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
7
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Listed by: Paul J. Jackson • Hewitt Jackson Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6763128
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