218 Main St SDoverMN55929
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 Dover at 218 Main St S, Dover, MN, 55929 offers a 10.47% rental yield on a $259,900 purchase with $2,267/mo rent. Total monthly income registers $2,267/mo, and a $1,272/mo payment leaves $644/mo available for distribution. Annual cash flow reaches $7,730/yr on $86,157 to close, and return on cash invested stands at 28.88% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 151.05% and total cumulative return in cash at $130,138. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,267/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55929, Dover, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 493 (100%) |
| Owner Occupied HU | 427 (86.6%) |
| Renter Occupied HU | 46 ( 9.3%) |
| Vacant Housing Units | 20 ( 4.1%) |
| Median Home Value | $491,667 |
| Average Home Value | $559,649 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
17
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