231 13th St NEOwatonnaMN55060
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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
Investment property for sale in Owatonna at 231 13th St NE, Owatonna, MN, 55060 earns $603/mo cash flow from $2,320/mo rent with a $1,346/mo payment. Total monthly income totals $2,320/mo, and annual cash flow totals $7,233/yr on $91,163 capital. ROI tracks 27.84% on current figures, and rental yield reads 10.12% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 145.45% and total cumulative return in cash sums $132,599. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,320/mo property income instead of your personal income.
Single Family
Built in 1962
8,363 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55060, Owatonna, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,775 (100%) |
| Owner Occupied HU | 8,880 (69.5%) |
| Renter Occupied HU | 3,208 (25.1%) |
| Vacant Housing Units | 687 ( 5.4%) |
| Median Home Value | $270,032 |
| Average Home Value | $312,015 |
Housing Distribution
Address Breakdown
Residential
12,408
Single Family
10,414
Multi-Family
1,994
Businesses
1,010
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