209 2nd St NEClarks GroveMN56016
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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
Investment property for sale in Clarks Grove at 209 2nd St NE, Clarks Grove, MN, 56016 listed at $269,900 pairs $2,054/mo rent with a $1,321/mo payment to leave $369/mo cash flow. Total monthly income runs $2,054/mo, and annual cash flow reaches $4,424/yr on $89,472 cash to close. Return on cash invested measures 24.85% in year one, and rental yield registers 9.13% at a $269,900 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,568 by year five. Five-year ROI tracks 129.43% and total cumulative return in cash totals $115,806. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,054/mo property income relative to a $1,321/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56016, Clarks Grove, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 432 (100%) |
| Owner Occupied HU | 335 (77.5%) |
| Renter Occupied HU | 69 (16.0%) |
| Vacant Housing Units | 28 ( 6.5%) |
| Median Home Value | $243,750 |
| Average Home Value | $268,933 |
Housing Distribution
Address Breakdown
Residential
212
Single Family
212
Multi-Family
0
Businesses
21
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Listed by: Heather Allen • Leland Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6823364