18625 62nd StNew GermanyMN55367
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
Rental property for sale in New Germany at 18625 62nd St, New Germany, MN, 55367 generates $2,969/mo in rent, after a $4,772/mo payment. Total monthly income is $2,969/mo. Return on cash invested sits at 8.39% in year one, and rental yield is 3.65% on a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation builds toward $269,375 over five years. Five-year ROI reaches 41.11% and total cumulative return in cash sums $131,883. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,969/mo property income rather than buyer’s personal income.
Single Family
Built in 1908
44.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55367, New Germany, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 410 (100%) |
| Owner Occupied HU | 339 (82.7%) |
| Renter Occupied HU | 56 (13.7%) |
| Vacant Housing Units | 15 ( 3.7%) |
| Median Home Value | $507,479 |
| Average Home Value | $537,463 |
Housing Distribution
Address Breakdown
Residential
374
Single Family
366
Multi-Family
8
Businesses
24
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Listed by: Jordan Yira • American Legacy Land Co., LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7005527