201 W Main StVergasMN56587
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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 Vergas at 201 W Main St, Vergas, MN, 56587 priced at $385,000 converts $3,136/mo rent into $732/mo cash flow after a $1,884/mo obligation. Total monthly income equals $3,136/mo, and annual cash flow totals $8,787/yr on $127,628 invested. Return on cash invested prints 26.79% in year one, and rental yield reads 9.77% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 139.86% and total cumulative return in cash sums $178,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,136/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56587, Vergas, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,100 (100%) |
| Owner Occupied HU | 616 (56.0%) |
| Renter Occupied HU | 54 ( 4.9%) |
| Vacant Housing Units | 430 (39.1%) |
| Median Home Value | $479,012 |
| Average Home Value | $530,353 |
Housing Distribution
Address Breakdown
Residential
745
Single Family
740
Multi-Family
5
Businesses
39
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