261 Broadway AveShevlinMN56676
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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
Rental property for sale in Shevlin at 261 Broadway Ave, Shevlin, MN, 56676 priced at $139,900 converts $1,120/mo rent into $246/mo cash flow after a $685/mo obligation. Total monthly income equals $1,120/mo, and annual cash flow totals $2,954/yr on $46,377 invested. Return on cash invested prints 26.28% in year one, and rental yield reads 9.61% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 137.17% and total cumulative return in cash sums $63,615. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,120/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56676, Shevlin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,047 (100%) |
| Owner Occupied HU | 673 (64.3%) |
| Renter Occupied HU | 87 ( 8.3%) |
| Vacant Housing Units | 287 (27.4%) |
| Median Home Value | $263,915 |
| Average Home Value | $292,842 |
Housing Distribution
Address Breakdown
Residential
728
Single Family
728
Multi-Family
0
Businesses
19
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