215 1st St NEClarks GroveMN56016
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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 Clarks Grove at 215 1st St NE, Clarks Grove, MN, 56016 earns $895/mo cash flow from $2,282/mo rent with a $1,087/mo payment. Total monthly income totals $2,282/mo, and annual cash flow totals $10,744/yr on $73,593 capital. ROI tracks 34.51% on current figures, and rental yield reads 12.34% at a $222,000 purchase. Equity gained on principal adds $1,433/yr, and 5% annual appreciation supports $61,335 over five years. Five-year ROI reaches 181.26% and total cumulative return in cash sums $133,395. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,282/mo property income instead of your personal income.
Single Family
Built in 1974
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56016, Clarks Grove, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 432 (100%) |
| Owner Occupied HU | 335 (77.5%) |
| Renter Occupied HU | 69 (16.0%) |
| Vacant Housing Units | 28 ( 6.5%) |
| Median Home Value | $243,750 |
| Average Home Value | $268,933 |
Housing Distribution
Address Breakdown
Residential
212
Single Family
212
Multi-Family
0
Businesses
21
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Nearby investment properties with comparable prices
Listed by: Jennifer Tolbers • Robert Hoffman Realty Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6724923
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