2105 3rd Ave NEAustinMN55912
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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 Austin at 2105 3rd Ave NE, Austin, MN, 55912 uses $49,692 cash to close to unlock $620/yr annual cash flow and $52/mo monthly cash flow. Total monthly income runs $988/mo, and a $734/mo payment keeps the spread at $52/mo. Purchase price stands at $149,900, and rental yield measures 7.91% with $988/mo rent. Return on cash invested shows 21.16% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 109.63% and total cumulative return in cash records $54,479. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $988/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1939
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55912, Austin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,710 (100%) |
| Owner Occupied HU | 8,151 (64.1%) |
| Renter Occupied HU | 3,642 (28.7%) |
| Vacant Housing Units | 917 ( 7.2%) |
| Median Home Value | $198,527 |
| Average Home Value | $258,502 |
Housing Distribution
Address Breakdown
Residential
12,261
Single Family
10,599
Multi-Family
1,662
Businesses
835
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