215 2nd St NEGenevaMN56035
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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
Rental property for sale in Geneva at 215 2nd St NE, Geneva, MN, 56035 generates $2,420/mo in rent and, after a $1,419/mo payment, leaves $610/mo in cash flow. Total monthly income is $2,420/mo, and annual cash flow is $7,316/yr on $96,102 invested. Return on cash invested sits at 27.52% in year one, and rental yield is 10.02% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 143.74% and total cumulative return in cash sums $138,141. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,420/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56035, Geneva, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 230 (100%) |
| Owner Occupied HU | 186 (80.9%) |
| Renter Occupied HU | 35 (15.2%) |
| Vacant Housing Units | 9 ( 3.9%) |
| Median Home Value | $267,241 |
| Average Home Value | $308,723 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
14
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