207 2nd St NEBarnesvilleMN56514
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
Rental property for sale in Barnesville at 207 2nd St NE, Barnesville, MN, 56514 priced at $170,000 converts $1,643/mo rent into $573/mo cash flow after a $832/mo obligation. Total monthly income equals $1,643/mo, and annual cash flow totals $6,879/yr on $56,355 invested. Return on cash invested prints 32.12% in year one, and rental yield reads 11.6% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 168.51% and total cumulative return in cash sums $94,965. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,643/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1951
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56514, Barnesville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,584 (100%) |
| Owner Occupied HU | 1,246 (78.7%) |
| Renter Occupied HU | 256 (16.2%) |
| Vacant Housing Units | 82 ( 5.2%) |
| Median Home Value | $289,750 |
| Average Home Value | $309,394 |
Housing Distribution
Address Breakdown
Residential
1,442
Single Family
1,380
Multi-Family
62
Businesses
98
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Nearby investment properties with comparable prices
Listed by: April Bernabucci • REALTY XPERTS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6674158
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