1900 Legacy DrFaribaultMN55021
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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 Faribault at 1900 Legacy Dr, Faribault, MN, 55021 listed at $598,700 pairs $5,987/mo rent with a $2,930/mo payment to leave $2,249/mo cash flow. Total monthly income runs $5,987/mo, and annual cash flow reaches $26,985/yr on $196,972 cash to close. Return on cash invested measures 33.76% in year one, and rental yield registers 12% at a $598,700 basis. Equity gained on principal adds $3,863/yr, and annual property appreciation at 5% supports $165,410 by year five. Five-year ROI tracks 177.16% and total cumulative return in cash totals $348,948. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,987/mo property income relative to a $2,930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55021, Faribault, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,145 (100%) |
| Owner Occupied HU | 7,913 (65.2%) |
| Renter Occupied HU | 3,251 (26.8%) |
| Vacant Housing Units | 981 ( 8.1%) |
| Median Home Value | $336,085 |
| Average Home Value | $370,419 |
Housing Distribution
Address Breakdown
Residential
11,925
Single Family
9,851
Multi-Family
2,074
Businesses
825
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