19104 S Union DrErskineMN56535
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Erskine rental at 19104 S Union Dr, Erskine, MN, 56535 sits in the solid-income band: 8.42% gross yield, $2,736/mo rent, $301/mo net after the $1,753/mo debt service, DSCR 1.56. Entry price of $389,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $107,722 and $3,591/yr in principal reduction bring total cumulative return to $167,357.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.2% |
| Monthly Cash Flow | $301 | $150 |
City averages based on Erskine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,736 |
| Total Monthly Debt Service | $2,280 |
| DSCR Ratio | 1.20x |
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 1985
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56535, Erskine, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 845 (100%) |
| Owner Occupied HU | 426 (50.4%) |
| Renter Occupied HU | 100 (11.8%) |
| Vacant Housing Units | 319 (37.8%) |
| Median Home Value | $275,926 |
| Average Home Value | $305,188 |
Housing Distribution
Address Breakdown
Residential
562
Single Family
533
Multi-Family
29
Businesses
52
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 1985
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56535, Erskine, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 845 (100%) |
| Owner Occupied HU | 426 (50.4%) |
| Renter Occupied HU | 100 (11.8%) |
| Vacant Housing Units | 319 (37.8%) |
| Median Home Value | $275,926 |
| Average Home Value | $305,188 |
Housing Distribution
Address Breakdown
Residential
562
Single Family
533
Multi-Family
29
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Blake Christianson (Team Blake Christianson) • Greenberg Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #24-1576
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.