204 3rd Ave SEFreeportMN56331
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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 Freeport at 204 3rd Ave SE, Freeport, MN, 56331 uses $64,609 cash to close to unlock $4,319/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $1,577/mo, and a $954/mo payment keeps the spread at $360/mo. Purchase price stands at $194,900, and rental yield measures 9.71% with $1,577/mo rent. Return on cash invested shows 26.59% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 138.75% and total cumulative return in cash records $89,643. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,577/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 2022
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56331, Freeport, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 901 (100%) |
| Owner Occupied HU | 743 (82.5%) |
| Renter Occupied HU | 107 (11.9%) |
| Vacant Housing Units | 51 ( 5.7%) |
| Median Home Value | $386,111 |
| Average Home Value | $495,000 |
Housing Distribution
Address Breakdown
Residential
652
Single Family
633
Multi-Family
19
Businesses
50
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