202 2nd St NWClimaxMN56523
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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 Climax at 202 2nd St NW, Climax, MN, 56523 generates $1,049/mo in rent and, after a $641/mo payment, leaves $231/mo in cash flow. Total monthly income is $1,049/mo, and annual cash flow is $2,774/yr on $43,427 invested. Return on cash invested sits at 26.3% in year one, and rental yield is 9.61% on a $131,000 entry. Equity gained on principal adds $845/yr, while 5% annual appreciation builds toward $36,193 over five years. Five-year ROI reaches 137.29% and total cumulative return in cash sums $59,621. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,049/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56523, Climax, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 223 (100%) |
| Owner Occupied HU | 178 (79.8%) |
| Renter Occupied HU | 30 (13.5%) |
| Vacant Housing Units | 15 ( 6.7%) |
| Median Home Value | $233,333 |
| Average Home Value | $257,612 |
Housing Distribution
Address Breakdown
Residential
147
Single Family
136
Multi-Family
11
Businesses
19
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