205 N 3rd StCantonMN55922
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 205 N 3rd St, Canton, MN, 55922 in Canton at $210,000 earns $1,479/mo in rent and nets $168/mo after the $944/mo payment, a 8.45% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $58,019 over five years. Ziffy Mortgage underwrites this on a 1.57 DSCR without U.S. credit history. With $1,934/yr in principal paydown, total projected return reaches $90,511.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.0% |
| Monthly Cash Flow | $168 | $650 |
City averages based on Canton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,479 |
| Total Monthly Debt Service | $1,228 |
| DSCR Ratio | 1.20x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices