216 3rd St NENew RichlandMN56072
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 New Richland at 216 3rd St NE, New Richland, MN, 56072 listed at $339,900 pairs $2,914/mo rent with a $1,664/mo payment to leave $791/mo cash flow. Total monthly income runs $2,914/mo, and annual cash flow reaches $9,494/yr on $112,677 cash to close. Return on cash invested measures 28.33% in year one, and rental yield registers 10.29% at a $339,900 basis. Equity gained on principal adds $2,193/yr, and annual property appreciation at 5% supports $93,908 by year five. Five-year ROI tracks 148.14% and total cumulative return in cash totals $166,919. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,914/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56072, New Richland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,015 (100%) |
| Owner Occupied HU | 780 (76.8%) |
| Renter Occupied HU | 138 (13.6%) |
| Vacant Housing Units | 97 ( 9.6%) |
| Median Home Value | $207,292 |
| Average Home Value | $282,580 |
Housing Distribution
Address Breakdown
Residential
855
Single Family
834
Multi-Family
21
Businesses
59
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A