19 1st Ave NESaint JosephMN56374
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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 Saint Joseph at 19 1st Ave NE, Saint Joseph, MN, 56374 uses $66,267 cash to close to unlock $3,362/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $1,528/mo, and a $978/mo payment keeps the spread at $280/mo. Purchase price stands at $199,900, and rental yield measures 9.17% with $1,528/mo rent. Return on cash invested shows 24.98% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 130.17% and total cumulative return in cash records $86,257. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,528/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1949
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56374, Saint Joseph, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,771 (100%) |
| Owner Occupied HU | 2,799 (74.2%) |
| Renter Occupied HU | 707 (18.7%) |
| Vacant Housing Units | 265 ( 7.0%) |
| Median Home Value | $378,368 |
| Average Home Value | $446,848 |
Housing Distribution
Address Breakdown
Residential
3,355
Single Family
2,988
Multi-Family
367
Businesses
221
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Listed by: Janie Schmitz • National Realty Guild
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6731086