220 S 2nd StBird IslandMN55310
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Bird Island rentals match the income profile of 220 S 2nd St, Bird Island, MN, 55310. Listed at $189,900, gross rent is $1,735/mo and net cash flow is $549/mo, a 10.96% yield well above national averages. DSCR 2.03 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $52,466 by year five with $1,749/yr in annual principal reduction, projecting $107,418 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.5% |
| Monthly Cash Flow | $549 | $650 |
City averages based on Bird Island market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,735 |
| Total Monthly Debt Service | $1,110 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1975
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55310, Bird Island, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 709 (100%) |
| Owner Occupied HU | 540 (76.2%) |
| Renter Occupied HU | 95 (13.4%) |
| Vacant Housing Units | 74 (10.4%) |
| Median Home Value | $216,667 |
| Average Home Value | $254,940 |
Housing Distribution
Address Breakdown
Residential
414
Single Family
396
Multi-Family
18
Businesses
62
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
Single Family
Built in 1975
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55310, Bird Island, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 709 (100%) |
| Owner Occupied HU | 540 (76.2%) |
| Renter Occupied HU | 95 (13.4%) |
| Vacant Housing Units | 74 (10.4%) |
| Median Home Value | $216,667 |
| Average Home Value | $254,940 |
Housing Distribution
Address Breakdown
Residential
414
Single Family
396
Multi-Family
18
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Jon Mattison • Minnesota Lands and Homes Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7023883