1745 S Shore DrWorthingtonMN56187
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 Worthington at 1745 S Shore Dr, Worthington, MN, 56187 uses $84,533 cash to close to unlock $9,165/yr annual cash flow and $764/mo monthly cash flow. Total monthly income runs $2,356/mo, and a $1,248/mo payment keeps the spread at $764/mo. Purchase price stands at $255,000, and rental yield measures 11.09% with $2,356/mo rent. Return on cash invested shows 30.75% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 161.06% and total cumulative return in cash records $136,148. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,356/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56187, Worthington, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,198 (100%) |
| Owner Occupied HU | 3,088 (59.4%) |
| Renter Occupied HU | 1,780 (34.2%) |
| Vacant Housing Units | 330 ( 6.3%) |
| Median Home Value | $213,663 |
| Average Home Value | $246,895 |
Housing Distribution
Address Breakdown
Residential
5,313
Single Family
4,417
Multi-Family
896
Businesses
514
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Phillip Willardson • Johnson Builders & Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6733186