206 W 3rd StMinneotaMN56264
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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
Rental property for sale in Minneota at 206 W 3rd St, Minneota, MN, 56264 generates $1,379/mo in rent and, after a $727/mo payment, leaves $452/mo in cash flow. Total monthly income is $1,379/mo, and annual cash flow is $5,418/yr on $49,228 invested. Return on cash invested sits at 30.92% in year one, and rental yield is 11.14% on a $148,500 entry. Equity gained on principal adds $958/yr, while 5% annual appreciation builds toward $41,028 over five years. Five-year ROI reaches 161.96% and total cumulative return in cash sums $79,731. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,379/mo property income rather than buyer’s personal income.
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
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