204 6th St WCarlosMN56319
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
Investment Highlights
Investment property for sale in Carlos at 204 6th St W, Carlos, MN, 56319 uses $42,764 cash to close to unlock $2,422/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,007/mo, and a $631/mo payment keeps the spread at $202/mo. Purchase price stands at $129,000, and rental yield measures 9.37% with $1,007/mo rent. Return on cash invested shows 25.57% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 133.29% and total cumulative return in cash records $57,001. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,007/mo property income covering a $631/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56319, Carlos, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 732 (100%) |
| Owner Occupied HU | 501 (68.4%) |
| Renter Occupied HU | 76 (10.4%) |
| Vacant Housing Units | 155 (21.2%) |
| Median Home Value | $418,548 |
| Average Home Value | $467,315 |
Housing Distribution
Address Breakdown
Residential
530
Single Family
530
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices