19062 Riverview Ln NENew LondonMN56273
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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 New London at 19062 Riverview Ln NE, New London, MN, 56273 earns from $1,471/mo rent with a $1,268/mo payment. Total monthly income totals $1,471/mo. ROI tracks 17.86% on current figures, and rental yield reads 6.82% at a $259,000 purchase. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 over five years. Five-year ROI reaches 91.96% and total cumulative return in cash sums $78,952. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,471/mo property income instead of your personal income.
Single Family
Built in 1960
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56273, New London, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,535 (100%) |
| Owner Occupied HU | 1,809 (71.4%) |
| Renter Occupied HU | 265 (10.5%) |
| Vacant Housing Units | 461 (18.2%) |
| Median Home Value | $388,316 |
| Average Home Value | $476,165 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,874
Multi-Family
122
Businesses
155
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Listed by: Randall P Ryan • RE/MAX Preferred Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7008761