220 1st St, Farmington, MN, 55024 | 5.73% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Farmington at 220 1st St, Farmington, MN, 55024 listed at $524,900 pairs $2,506/mo rent with a $2,569/mo payment. Total monthly income runs $2,506/mo. Return on cash invested measures 14.7% in year one, and rental yield registers 5.73% at a $524,900 basis. Equity gained on principal adds $3,387/yr, and annual property appreciation at 5% supports $145,020 by year five. Five-year ROI tracks 74.95% and total cumulative return in cash totals $129,433. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,506/mo property income relative to a $2,569/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 2016

4,181 sqft lot

$N/A/sqft

No HOA