1663 Benson RdMontevideoMN56265
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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 Montevideo at 1663 Benson Rd, Montevideo, MN, 56265 uses $62,156 cash to close to unlock $3,406/yr annual cash flow and $284/mo monthly cash flow. Total monthly income runs $1,455/mo, and a $918/mo payment keeps the spread at $284/mo. Purchase price stands at $187,500, and rental yield measures 9.31% with $1,455/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 132.32% and total cumulative return in cash records $82,243. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,455/mo property income covering a $918/mo payment rather than investor’s personal income.
Single Family
Built in 1935
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56265, Montevideo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,389 (100%) |
| Owner Occupied HU | 2,150 (63.4%) |
| Renter Occupied HU | 914 (27.0%) |
| Vacant Housing Units | 325 ( 9.6%) |
| Median Home Value | $177,064 |
| Average Home Value | $230,790 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
2,995
Multi-Family
415
Businesses
346
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Listed by: Douglas A Fenstra • Edina Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6802710