218 N Sherwood StIvanhoeMN56142
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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 Ivanhoe at 218 N Sherwood St, Ivanhoe, MN, 56142 priced at $129,000 pairs $0/mo rent with after a $631/mo payment. Total monthly income equals $0/mo. Return on cash invested is -2.68% in year one, and rental yield stands at 0% on a $129,000 basis. Equity gained on principal adds $832/yr, and 5% annual appreciation accumulates to $35,640 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $631/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56142, Ivanhoe, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 602 (100%) |
| Owner Occupied HU | 382 (63.5%) |
| Renter Occupied HU | 103 (17.1%) |
| Vacant Housing Units | 117 (19.4%) |
| Median Home Value | $165,625 |
| Average Home Value | $221,571 |
Housing Distribution
Address Breakdown
Residential
418
Single Family
365
Multi-Family
53
Businesses
53
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices