213 2nd St NEGrand MeadowMN55936
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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 Grand Meadow at 213 2nd St NE, Grand Meadow, MN, 55936 uses $62,952 cash to close to unlock $3,836/yr annual cash flow and $320/mo monthly cash flow. Total monthly income runs $1,505/mo, and a $929/mo payment keeps the spread at $320/mo. Purchase price stands at $189,900, and rental yield measures 9.51% with $1,505/mo rent. Return on cash invested shows 26% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 135.62% and total cumulative return in cash records $85,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,505/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1917
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55936, Grand Meadow, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 758 (100%) |
| Owner Occupied HU | 573 (75.6%) |
| Renter Occupied HU | 131 (17.3%) |
| Vacant Housing Units | 54 ( 7.1%) |
| Median Home Value | $324,206 |
| Average Home Value | $399,337 |
Housing Distribution
Address Breakdown
Residential
554
Single Family
520
Multi-Family
34
Businesses
58
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Listed by: Elisha Simerson • Real Broker, LLC.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7008392