23192 200th StLong PrairieMN56347
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
Rental property for sale in Long Prairie at 23192 200th St, Long Prairie, MN, 56347 generates $1,778/mo in rent, after a $1,958/mo payment. Total monthly income is $1,778/mo. Return on cash invested sits at 13.39% in year one, and rental yield is 5.33% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 67.96% and total cumulative return in cash sums $90,112. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,778/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56347, Long Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,042 (100%) |
| Owner Occupied HU | 1,965 (64.6%) |
| Renter Occupied HU | 718 (23.6%) |
| Vacant Housing Units | 359 (11.8%) |
| Median Home Value | $233,362 |
| Average Home Value | $269,607 |
Housing Distribution
Address Breakdown
Residential
2,848
Single Family
2,523
Multi-Family
325
Businesses
240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandon Kelly • Central MN Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6781550