24560 Cedar Point RdNew PragueMN56071
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 2% gross rental yield, 24560 Cedar Point Rd, New Prague, MN, 56071 in New Prague is priced for capital growth, not immediate cash flow. The $1,149,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $317,696 by year five, with $10,591/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.37) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $97,769.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2% | 7.0% |
| Monthly Cash Flow | $(5,261) | $1,200 |
City averages based on New Prague market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,920 |
| Total Monthly Debt Service | $6,723 |
| DSCR Ratio | 0.29x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2002
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56071, New Prague, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,103 (100%) |
| Owner Occupied HU | 4,059 (79.5%) |
| Renter Occupied HU | 835 (16.4%) |
| Vacant Housing Units | 209 ( 4.1%) |
| Median Home Value | $425,546 |
| Average Home Value | $466,784 |
Housing Distribution
Address Breakdown
Residential
5,037
Single Family
4,633
Multi-Family
404
Businesses
337
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 2002
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56071, New Prague, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,103 (100%) |
| Owner Occupied HU | 4,059 (79.5%) |
| Renter Occupied HU | 835 (16.4%) |
| Vacant Housing Units | 209 ( 4.1%) |
| Median Home Value | $425,546 |
| Average Home Value | $466,784 |
Housing Distribution
Address Breakdown
Residential
5,037
Single Family
4,633
Multi-Family
404
Businesses
337
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7046277