208 N 2nd StKiesterMN56051
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 208 N 2nd St, Kiester, MN, 56051 in Kiester worth modelling. At $114,900 with a 9.52% gross yield, the $912/mo rent leaves $195/mo after the $517/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.76 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $31,745 by year five; $1,058/yr in principal reduction adds further equity. Total projected return: $56,102.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.8% |
| Monthly Cash Flow | $195 | $220 |
City averages based on Kiester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $912 |
| Total Monthly Debt Service | $672 |
| DSCR Ratio | 1.36x |
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 1947
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56051, Kiester, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 337 (100%) |
| Owner Occupied HU | 229 (68.0%) |
| Renter Occupied HU | 62 (18.4%) |
| Vacant Housing Units | 46 (13.6%) |
| Median Home Value | $89,643 |
| Average Home Value | $184,410 |
Housing Distribution
Address Breakdown
Residential
136
Single Family
125
Multi-Family
11
Businesses
30
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 1947
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56051, Kiester, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 337 (100%) |
| Owner Occupied HU | 229 (68.0%) |
| Renter Occupied HU | 62 (18.4%) |
| Vacant Housing Units | 46 (13.6%) |
| Median Home Value | $89,643 |
| Average Home Value | $184,410 |
Housing Distribution
Address Breakdown
Residential
136
Single Family
125
Multi-Family
11
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices