217 N 3rd StMontevideoMN56265
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 Montevideo at 217 N 3rd St, Montevideo, MN, 56265 offers a 15.39% rental yield on a $124,000 purchase with $1,590/mo rent. Total monthly income registers $1,590/mo, and a $607/mo payment leaves $816/mo available for distribution. Annual cash flow reaches $9,787/yr on $41,106 to close, and return on cash invested stands at 43.72% in year one. Equity gained on principal adds $800/yr while 5% annual appreciation supports $34,259 over five years. Portfolio math shows five-year ROI at 230.66% and total cumulative return in cash at $94,815. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,590/mo property income against a $607/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56265, Montevideo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,389 (100%) |
| Owner Occupied HU | 2,150 (63.4%) |
| Renter Occupied HU | 914 (27.0%) |
| Vacant Housing Units | 325 ( 9.6%) |
| Median Home Value | $177,064 |
| Average Home Value | $230,790 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
2,995
Multi-Family
415
Businesses
346
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Nearby investment properties with comparable prices
Listed by: Joleen Marczak • Weichert REALTORS Tower Properties
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6760792
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