21 1st St SEMadeliaMN56062
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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 Madelia at 21 1st St SE, Madelia, MN, 56062 priced at $174,900 converts $1,353/mo rent into $261/mo cash flow after a $856/mo obligation. Total monthly income equals $1,353/mo, and annual cash flow totals $3,131/yr on $57,979 invested. Return on cash invested prints 25.31% in year one, and rental yield reads 9.28% against a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,322 by year five. Five-year ROI reaches 131.86% and total cumulative return in cash sums $76,452. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,353/mo property income covering a $856/mo payment, not borrower’s personal income.
Single Family
Built in 1895
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56062, Madelia, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,310 (100%) |
| Owner Occupied HU | 862 (65.8%) |
| Renter Occupied HU | 336 (25.6%) |
| Vacant Housing Units | 112 ( 8.5%) |
| Median Home Value | $192,910 |
| Average Home Value | $241,589 |
Housing Distribution
Address Breakdown
Residential
1,306
Single Family
1,132
Multi-Family
174
Businesses
101
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