202 2nd St NWClimaxMN56523
INVESTMENT ANALYSIS
Investment Verdict
Solid Income202 2nd St NW, Climax, MN, 56523 in Climax is a solid income-producing rental, 9.54% gross yield, $1,041/mo rent, $223/mo net cash flow on a $131,000 buy. DSCR 1.77 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $36,193 and $1,207/yr in principal reduction project a total cumulative return of $64,101.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 5.5% |
| Monthly Cash Flow | $223 | $700 |
City averages based on Climax market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,041 |
| Total Monthly Debt Service | $766 |
| DSCR Ratio | 1.36x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices