231 E Sorenson AveAppletonMN56208
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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 Appleton at 231 E Sorenson Ave, Appleton, MN, 56208 priced at $105,000 pairs $792/mo rent with $136/mo cash flow after a $514/mo payment. Total monthly income equals $792/mo, and annual cash flow comes to $1,635/yr on $34,808 invested. Return on cash invested is 24.61% in year one, and rental yield stands at 9.05% on a $105,000 basis. Equity gained on principal adds $678/yr, and 5% annual appreciation accumulates to $29,010 by year five. Five-year ROI measures 128.22% and total cumulative return in cash reaches $44,630. For financing, Ziffy Mortgage’s DSCR program evaluates $792/mo property income against a $514/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1946
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56208, Appleton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,137 (100%) |
| Owner Occupied HU | 615 (54.1%) |
| Renter Occupied HU | 241 (21.2%) |
| Vacant Housing Units | 281 (24.7%) |
| Median Home Value | $111,890 |
| Average Home Value | $182,581 |
Housing Distribution
Address Breakdown
Residential
986
Single Family
864
Multi-Family
122
Businesses
92
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