18859 Elderberry DrLong PrairieMN56347
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Long Prairie rentals match the income profile of 18859 Elderberry Dr, Long Prairie, MN, 56347. Listed at $189,900, gross rent is $1,699/mo and net cash flow is $513/mo, a 10.74% yield well above national averages. DSCR 1.99 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $52,466 by year five with $1,749/yr in annual principal reduction, projecting $105,090 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.0% |
| Monthly Cash Flow | $513 | $450 |
City averages based on Long Prairie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,699 |
| Total Monthly Debt Service | $1,110 |
| DSCR Ratio | 1.53x |
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 1975
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56347, Long Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,042 (100%) |
| Owner Occupied HU | 1,965 (64.6%) |
| Renter Occupied HU | 718 (23.6%) |
| Vacant Housing Units | 359 (11.8%) |
| Median Home Value | $233,362 |
| Average Home Value | $269,607 |
Housing Distribution
Address Breakdown
Residential
2,848
Single Family
2,523
Multi-Family
325
Businesses
240
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 1975
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56347, Long Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,042 (100%) |
| Owner Occupied HU | 1,965 (64.6%) |
| Renter Occupied HU | 718 (23.6%) |
| Vacant Housing Units | 359 (11.8%) |
| Median Home Value | $233,362 |
| Average Home Value | $269,607 |
Housing Distribution
Address Breakdown
Residential
2,848
Single Family
2,523
Multi-Family
325
Businesses
240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices