213 N 1st Ave ETrumanMN56088
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
Investment property for sale in Truman at 213 N 1st Ave E, Truman, MN, 56088 with 5% annual appreciation on a $146,900 basis while $1,728/mo rent supports operations. Total monthly income totals $1,728/mo and a $719/mo payment preserves $810/mo for cash returns. Annual cash flow comes to $9,715/yr on $48,697 deployed, and return on cash invested reaches 39.86% in year one. Equity gained on principal adds $948/yr, and five-year appreciation sums $40,586 alongside rental yield of 14.12%. Five-year ROI measures 209.93% and total cumulative return in cash totals $102,233.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,728/mo property income versus a $719/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1947
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56088, Truman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 828 (100%) |
| Owner Occupied HU | 554 (66.9%) |
| Renter Occupied HU | 155 (18.7%) |
| Vacant Housing Units | 119 (14.4%) |
| Median Home Value | $152,041 |
| Average Home Value | $232,283 |
Housing Distribution
Address Breakdown
Residential
776
Single Family
721
Multi-Family
55
Businesses
53
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Nearby investment properties with comparable prices
Listed by: Kim Kreiss • EXIT Realty - Great Plains
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6719532
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