2463 Austin RdOwatonnaMN55060
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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 Owatonna at 2463 Austin Rd, Owatonna, MN, 55060 earns from $1,930/mo rent with a $1,711/mo payment. Total monthly income totals $1,930/mo. ROI tracks 17.29% on current figures, and rental yield reads 6.63% at a $349,500 purchase. Equity gained on principal adds $2,255/yr, and 5% annual appreciation supports $96,560 over five years. Five-year ROI reaches 88.91% and total cumulative return in cash sums $103,009. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,930/mo property income instead of your personal income.
Single Family
Built in 1964
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55060, Owatonna, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,775 (100%) |
| Owner Occupied HU | 8,880 (69.5%) |
| Renter Occupied HU | 3,208 (25.1%) |
| Vacant Housing Units | 687 ( 5.4%) |
| Median Home Value | $270,032 |
| Average Home Value | $312,015 |
Housing Distribution
Address Breakdown
Residential
12,408
Single Family
10,414
Multi-Family
1,994
Businesses
1,010
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