205 N 3rd StCantonMN55922
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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 Canton at 205 N 3rd St, Canton, MN, 55922 uses $69,615 cash to close to unlock $2,010/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $1,479/mo, and a $1,028/mo payment keeps the spread at $168/mo. Purchase price stands at $210,000, and rental yield measures 8.45% with $1,479/mo rent. Return on cash invested shows 22.8% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 118.43% and total cumulative return in cash records $82,444. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,479/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55922, Canton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 320 (100%) |
| Owner Occupied HU | 236 (73.7%) |
| Renter Occupied HU | 40 (12.5%) |
| Vacant Housing Units | 44 (13.7%) |
| Median Home Value | $202,273 |
| Average Home Value | $266,038 |
Housing Distribution
Address Breakdown
Residential
223
Single Family
215
Multi-Family
8
Businesses
19
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