248 Main St SDoverMN55929
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
Investment Highlights
Rental property for sale in Dover at 248 Main St S, Dover, MN, 55929 priced at $335,000 converts $3,017/mo rent into $925/mo cash flow after a $1,640/mo obligation. Total monthly income equals $3,017/mo, and annual cash flow totals $11,097/yr on $111,053 invested. Return on cash invested prints 29.9% in year one, and rental yield reads 10.81% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 156.51% and total cumulative return in cash sums $173,804. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,017/mo property income covering a $1,640/mo payment, not borrower’s personal income.
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