214 3rd St NWCrosbyMN56441
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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 Crosby at 214 3rd St NW, Crosby, MN, 56441 listed at $199,900 pairs $1,736/mo rent with a $978/mo payment to leave $488/mo cash flow. Total monthly income runs $1,736/mo, and annual cash flow reaches $5,858/yr on $66,267 cash to close. Return on cash invested measures 28.75% in year one, and rental yield registers 10.42% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 150.39% and total cumulative return in cash totals $99,661. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,736/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56441, Crosby, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,354 (100%) |
| Owner Occupied HU | 1,169 (49.7%) |
| Renter Occupied HU | 570 (24.2%) |
| Vacant Housing Units | 615 (26.1%) |
| Median Home Value | $328,893 |
| Average Home Value | $364,363 |
Housing Distribution
Address Breakdown
Residential
1,705
Single Family
1,450
Multi-Family
255
Businesses
139
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Nearby investment properties with comparable prices
Listed by: Sarah Morrison • Kurilla Real Estate LTD
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6705259
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