206 W 3rd StMinneotaMN56264
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 206 W 3rd St, Minneota, MN, 56264 in Minneota: $1,379/mo in rent, $451/mo in net income, 11.14% gross yield, 2.06 DSCR, all at $148,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $41,028 in appreciation and $1,368/yr in principal paydown projects total cumulative return of $85,412.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 9.5% |
| Monthly Cash Flow | $451 | $350 |
City averages based on Minneota market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,379 |
| Total Monthly Debt Service | $868 |
| DSCR Ratio | 1.59x |
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 1949
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56264, Minneota, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 927 (100%) |
| Owner Occupied HU | 691 (74.5%) |
| Renter Occupied HU | 147 (15.9%) |
| Vacant Housing Units | 89 ( 9.6%) |
| Median Home Value | $221,627 |
| Average Home Value | $250,868 |
Housing Distribution
Address Breakdown
Residential
766
Single Family
705
Multi-Family
61
Businesses
55
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 1949
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56264, Minneota, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 927 (100%) |
| Owner Occupied HU | 691 (74.5%) |
| Renter Occupied HU | 147 (15.9%) |
| Vacant Housing Units | 89 ( 9.6%) |
| Median Home Value | $221,627 |
| Average Home Value | $250,868 |
Housing Distribution
Address Breakdown
Residential
766
Single Family
705
Multi-Family
61
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices