185 Minnesota St NPlummerMN56748
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 185 Minnesota St N, Plummer, MN, 56748 in Plummer earns a 9.57% gross yield at $129,900. Rent of $1,036/mo nets $225/mo after the $584/mo mortgage. The 1.77 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $35,889 and $1,196/yr in equity accumulation project a total cumulative return of $63,788.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 8.0% |
| Monthly Cash Flow | $225 | $550 |
City averages based on Plummer market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,036 |
| Total Monthly Debt Service | $759 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1993
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56748, Plummer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 328 (100%) |
| Owner Occupied HU | 245 (74.7%) |
| Renter Occupied HU | 41 (12.5%) |
| Vacant Housing Units | 42 (12.8%) |
| Median Home Value | $230,729 |
| Average Home Value | $249,041 |
Housing Distribution
Address Breakdown
Residential
230
Single Family
230
Multi-Family
0
Businesses
14
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
Single Family
Built in 1993
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56748, Plummer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 328 (100%) |
| Owner Occupied HU | 245 (74.7%) |
| Renter Occupied HU | 41 (12.5%) |
| Vacant Housing Units | 42 (12.8%) |
| Median Home Value | $230,729 |
| Average Home Value | $249,041 |
Housing Distribution
Address Breakdown
Residential
230
Single Family
230
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices