20929 Faron DrNevisMN56467
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 20929 Faron Dr, Nevis, MN, 56467 in Nevis. At $425,000 it earns $3,076/mo in rent and distributes $422/mo to the owner after the $1,911/mo payment, a consistent 8.68% yield. DSCR 1.61 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $117,420 in value; $3,914/yr in principal paydown compounds ownership stake. Total projected return: $188,459.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 7.0% |
| Monthly Cash Flow | $422 | $600 |
City averages based on Nevis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,076 |
| Total Monthly Debt Service | $2,485 |
| DSCR Ratio | 1.24x |
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 2015
2.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56467, Nevis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,670 (100%) |
| Owner Occupied HU | 1,003 (37.6%) |
| Renter Occupied HU | 135 ( 5.1%) |
| Vacant Housing Units | 1,532 (57.4%) |
| Median Home Value | $351,646 |
| Average Home Value | $395,962 |
Housing Distribution
Address Breakdown
Residential
1,280
Single Family
1,280
Multi-Family
0
Businesses
63
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 2015
2.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56467, Nevis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,670 (100%) |
| Owner Occupied HU | 1,003 (37.6%) |
| Renter Occupied HU | 135 ( 5.1%) |
| Vacant Housing Units | 1,532 (57.4%) |
| Median Home Value | $351,646 |
| Average Home Value | $395,962 |
Housing Distribution
Address Breakdown
Residential
1,280
Single Family
1,280
Multi-Family
0
Businesses
63
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas M Peterson • Coldwell Banker Crown Realtors
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6731253
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