210 3rd St EMorganMN56266
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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 Morgan at 210 3rd St E, Morgan, MN, 56266 uses $94,478 cash to close to unlock $8,187/yr annual cash flow and $682/mo monthly cash flow. Total monthly income runs $2,462/mo, and a $1,395/mo payment keeps the spread at $682/mo. Purchase price stands at $285,000, and rental yield measures 10.37% with $2,462/mo rent. Return on cash invested shows 28.57% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 149.41% and total cumulative return in cash records $141,162. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,462/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1938
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56266, Morgan, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 720 (100%) |
| Owner Occupied HU | 558 (77.5%) |
| Renter Occupied HU | 87 (12.1%) |
| Vacant Housing Units | 75 (10.4%) |
| Median Home Value | $176,429 |
| Average Home Value | $228,732 |
Housing Distribution
Address Breakdown
Residential
454
Single Family
445
Multi-Family
9
Businesses
54
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