23545 Highway 1 NEKelliherMN56650
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 23545 Highway 1 NE, Kelliher, MN, 56650 in Kelliher hard to pass up. The 10.67% gross yield on a $235,000 purchase results in $2,090/mo in rent and $623/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.98). Annual cash flow of $7,475, five-year appreciation of $64,926, and $2,164/yr in equity build-up combine for a projected total cumulative return of $129,212.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 8.0% |
| Monthly Cash Flow | $623 | $350 |
City averages based on Kelliher market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,090 |
| Total Monthly Debt Service | $1,374 |
| DSCR Ratio | 1.52x |
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 1986
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56650, Kelliher, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 566 (100%) |
| Owner Occupied HU | 267 (47.2%) |
| Renter Occupied HU | 63 (11.1%) |
| Vacant Housing Units | 236 (41.7%) |
| Median Home Value | $233,108 |
| Average Home Value | $257,978 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
224
Multi-Family
16
Businesses
25
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 1986
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56650, Kelliher, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 566 (100%) |
| Owner Occupied HU | 267 (47.2%) |
| Renter Occupied HU | 63 (11.1%) |
| Vacant Housing Units | 236 (41.7%) |
| Median Home Value | $233,108 |
| Average Home Value | $257,978 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
224
Multi-Family
16
Businesses
25
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices