2598 Highway 30 EBlooming PrairieMN55917
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 2598 Highway 30 E, Blooming Prairie, MN, 55917 in Blooming Prairie deserves attention. This $220,000 property earns $2,279/mo in rent, a 12.43% gross yield, and nets $905/mo after the $989/mo payment. DSCR 2.30 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $60,782 compounds alongside $2,026/yr in yearly equity build, for a total cumulative return of $141,734.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 7.0% |
| Monthly Cash Flow | $905 | $350 |
City averages based on Blooming Prairie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,279 |
| Total Monthly Debt Service | $1,286 |
| DSCR Ratio | 1.77x |
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 1918
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55917, Blooming Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,547 (100%) |
| Owner Occupied HU | 1,204 (77.8%) |
| Renter Occupied HU | 250 (16.2%) |
| Vacant Housing Units | 93 ( 6.0%) |
| Median Home Value | $253,784 |
| Average Home Value | $312,600 |
Housing Distribution
Address Breakdown
Residential
1,182
Single Family
1,162
Multi-Family
20
Businesses
116
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 1918
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55917, Blooming Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,547 (100%) |
| Owner Occupied HU | 1,204 (77.8%) |
| Renter Occupied HU | 250 (16.2%) |
| Vacant Housing Units | 93 ( 6.0%) |
| Median Home Value | $253,784 |
| Average Home Value | $312,600 |
Housing Distribution
Address Breakdown
Residential
1,182
Single Family
1,162
Multi-Family
20
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacob A. Smith • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6791646