248 Main St SDoverMN55929
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 248 Main St S, Dover, MN, 55929 in Dover deserves attention. This $335,000 property earns $3,174/mo in rent, a 11.37% gross yield, and nets $1,082/mo after the $1,506/mo payment. DSCR 2.11 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $92,554 compounds alongside $3,085/yr in yearly equity build, for a total cumulative return of $196,765.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 7.0% |
| Monthly Cash Flow | $1,082 | $700 |
City averages based on Dover market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,174 |
| Total Monthly Debt Service | $1,959 |
| DSCR Ratio | 1.62x |
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 1982
9,626 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55929, Dover, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 493 (100%) |
| Owner Occupied HU | 427 (86.6%) |
| Renter Occupied HU | 46 ( 9.3%) |
| Vacant Housing Units | 20 ( 4.1%) |
| Median Home Value | $491,667 |
| Average Home Value | $559,649 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
17
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 1982
9,626 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55929, Dover, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 493 (100%) |
| Owner Occupied HU | 427 (86.6%) |
| Renter Occupied HU | 46 ( 9.3%) |
| Vacant Housing Units | 20 ( 4.1%) |
| Median Home Value | $491,667 |
| Average Home Value | $559,649 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices