2158 230th StTrumanMN56088
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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 Truman at 2158 230th St, Truman, MN, 56088 generates $2,082/mo in rent and, after a $978/mo payment, leaves $834/mo in cash flow. Total monthly income is $2,082/mo, and annual cash flow is $10,010/yr on $66,267 invested. Return on cash invested sits at 35.01% in year one, and rental yield is 12.5% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 183.97% and total cumulative return in cash sums $121,909. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,082/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
3.31 Acres 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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Listed by: Alexander Phippen • True Real Estate
Mls Name: RASM
Mls Provider:
Mls ID: #7035810
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2024-02-12 10:03:05 PST