238 3rd St NEBlooming PrairieMN55917
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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 Blooming Prairie at 238 3rd St NE, Blooming Prairie, MN, 55917 uses $51,349 cash to close to unlock $8,831/yr annual cash flow and $736/mo monthly cash flow. Total monthly income runs $1,703/mo, and a $758/mo payment keeps the spread at $736/mo. Purchase price stands at $154,900, and rental yield measures 13.19% with $1,703/mo rent. Return on cash invested shows 37.11% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 195.13% and total cumulative return in cash records $100,196. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,703/mo property income covering a $758/mo payment rather than investor’s personal income.
Multi Family
Built in 1880
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55917, Blooming Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,547 (100%) |
| Owner Occupied HU | 1,204 (77.8%) |
| Renter Occupied HU | 250 (16.2%) |
| Vacant Housing Units | 93 ( 6.0%) |
| Median Home Value | $253,784 |
| Average Home Value | $312,600 |
Housing Distribution
Address Breakdown
Residential
1,182
Single Family
1,162
Multi-Family
20
Businesses
116
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Listed by: Chad Hacker • Coldwell Banker River Valley, REALTORS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6779558