213 2nd St SVirginiaMN55792
Nearby investment properties with comparable rents
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 Virginia at 213 2nd St S, Virginia, MN, 55792 priced at $155,000 pairs $2,651/mo rent with $1,683/mo cash flow after a $759/mo payment. Total monthly income equals $2,651/mo, and annual cash flow comes to $20,193/yr on $51,383 invested. Return on cash invested is 59.21% in year one, and rental yield stands at 20.52% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 313.68% and total cumulative return in cash reaches $161,176. For financing, Ziffy Mortgage’s DSCR program evaluates $2,651/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1905
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55792, Virginia, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,428 (100%) |
| Owner Occupied HU | 2,841 (52.3%) |
| Renter Occupied HU | 1,857 (34.2%) |
| Vacant Housing Units | 730 (13.4%) |
| Median Home Value | $172,412 |
| Average Home Value | $218,446 |
Housing Distribution
Address Breakdown
Residential
4,825
Single Family
3,864
Multi-Family
961
Businesses
582
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Listed by: Darcie Rae Novak • My Place Realty, Inc.
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115863
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.