222 2nd St SNerstrandMN55053
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 Nerstrand at 222 2nd St S, Nerstrand, MN, 55053 offers a 11.42% rental yield on a $299,900 purchase with $2,854/mo rent. Total monthly income registers $2,854/mo, and a $1,468/mo payment leaves $981/mo available for distribution. Annual cash flow reaches $11,774/yr on $99,417 to close, and return on cash invested stands at 31.75% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 166.46% and total cumulative return in cash at $165,484. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,854/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55053, Nerstrand, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 363 (100%) |
| Owner Occupied HU | 323 (89.0%) |
| Renter Occupied HU | 32 ( 8.8%) |
| Vacant Housing Units | 8 ( 2.2%) |
| Median Home Value | $471,552 |
| Average Home Value | $544,133 |
Housing Distribution
Address Breakdown
Residential
310
Single Family
310
Multi-Family
0
Businesses
23
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