2005 15th St NWFaribaultMN55021
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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 2005 15th St NW, Faribault, MN, 55021 uses $132,567 cash to close to unlock $5,366/yr annual cash flow and $447/mo monthly cash flow. Total monthly income runs $2,944/mo, and a $1,957/mo payment keeps the spread at $447/mo. Purchase price stands at $399,900, and rental yield measures 8.83% with $2,944/mo rent. Return on cash invested shows 23.96% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 124.64% and total cumulative return in cash records $165,236. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,944/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1983
0.40 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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