19708 Monarch AveReadingMN56165
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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
Rental property for sale in Reading at 19708 Monarch Ave, Reading, MN, 56165 generates $919/mo in rent and, after a $563/mo payment, leaves $201/mo in cash flow. Total monthly income is $919/mo, and annual cash flow is $2,409/yr on $38,123 invested. Return on cash invested sits at 26.23% in year one, and rental yield is 9.59% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 136.83% and total cumulative return in cash sums $52,161. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $919/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56165, Reading, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 146 (100%) |
| Owner Occupied HU | 114 (78.1%) |
| Renter Occupied HU | 19 (13.0%) |
| Vacant Housing Units | 13 ( 8.9%) |
| Median Home Value | $319,444 |
| Average Home Value | $330,110 |
Housing Distribution
Address Breakdown
Residential
138
Single Family
138
Multi-Family
0
Businesses
7
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