212 Eastwood DrRedwood FallsMN56283
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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
Rental property for sale in Redwood Falls at 212 Eastwood Dr, Redwood Falls, MN, 56283 priced at $527,000 converts $2,155/mo rent into after a $2,579/mo obligation. Total monthly income equals $2,155/mo. Return on cash invested prints 12.2% in year one, and rental yield reads 4.91% against a $527,000 entry. Equity gained on principal adds $3,401/yr, while 5% annual appreciation compiles into $145,600 by year five. Five-year ROI reaches 61.55% and total cumulative return in cash sums $106,717. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,155/mo property income covering a $2,579/mo payment, not borrower’s personal income.
Single Family
Built in 2014
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56283, Redwood Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 1,951 (64.2%) |
| Renter Occupied HU | 783 (25.7%) |
| Vacant Housing Units | 307 (10.1%) |
| Median Home Value | $215,722 |
| Average Home Value | $280,286 |
Housing Distribution
Address Breakdown
Residential
2,963
Single Family
2,551
Multi-Family
412
Businesses
317
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Listed by: Brent J Prouty • Re/Max Realty Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7008914