252 Chestnut AveOwatonnaMN55060
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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 252 Chestnut Ave, Owatonna, MN, 55060 uses $76,212 cash to close to unlock $2,936/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $1,125/mo payment keeps the spread at $245/mo. Purchase price stands at $229,900, and rental yield measures 8.77% with $1,680/mo rent. Return on cash invested shows 23.76% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 123.6% and total cumulative return in cash records $94,199. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1890
10,018 sqft 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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