217 3rd St EMorganMN56266
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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 Morgan at 217 3rd St E, Morgan, MN, 56266 at $134,900 posts ROI 24.99% with $189/mo cash flow from $1,051/mo rent. Total monthly income equals $1,051/mo, and annual cash flow records $2,273/yr on $44,719 to close. Return on cash invested measures 24.99% and rental yield reads 9.35% at the current $134,900. Equity gained on principal adds $870/yr, and 5% annual appreciation supports $37,270 by year five. Five-year ROI prints 130.42% and total cumulative return in cash totals $58,325.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,051/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56266, Morgan, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 720 (100%) |
| Owner Occupied HU | 558 (77.5%) |
| Renter Occupied HU | 87 (12.1%) |
| Vacant Housing Units | 75 (10.4%) |
| Median Home Value | $176,429 |
| Average Home Value | $228,732 |
Housing Distribution
Address Breakdown
Residential
454
Single Family
445
Multi-Family
9
Businesses
54
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Listed by: Trae Hobson • Keller Williams Realty Integrity Lakes
Mls Name: RASM
Mls Provider:
Mls ID: #7037268
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 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-04-25 10:29:49 PDT