218 6th St SWMelroseMN56352
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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 Melrose at 218 6th St SW, Melrose, MN, 56352 generates $2,798/mo in rent and, after a $1,395/mo payment, leaves $1,018/mo in cash flow. Total monthly income is $2,798/mo, and annual cash flow is $12,219/yr on $94,478 invested. Return on cash invested sits at 32.84% in year one, and rental yield is 11.78% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 172.3% and total cumulative return in cash sums $162,786. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,798/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56352, Melrose, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,428 (100%) |
| Owner Occupied HU | 1,693 (69.7%) |
| Renter Occupied HU | 509 (21.0%) |
| Vacant Housing Units | 226 ( 9.3%) |
| Median Home Value | $323,153 |
| Average Home Value | $382,620 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
1,954
Multi-Family
235
Businesses
146
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