26193 Old Mill RdMerrifieldMN56465
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 26193 Old Mill Rd, Merrifield, MN, 56465 in Merrifield at $574,900 earns $3,719/mo in rent and nets $129/mo after the $2,585/mo payment, a 7.76% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $158,834 over five years. Ziffy Mortgage underwrites this on a 1.44 DSCR without U.S. credit history. With $5,295/yr in principal paydown, total projected return reaches $226,438.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 6.2% |
| Monthly Cash Flow | $129 | $450 |
City averages based on Merrifield market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,719 |
| Total Monthly Debt Service | $3,361 |
| DSCR Ratio | 1.11x |
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 2007
3.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56465, Merrifield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,889 (100%) |
| Owner Occupied HU | 963 (51.0%) |
| Renter Occupied HU | 89 ( 4.7%) |
| Vacant Housing Units | 837 (44.3%) |
| Median Home Value | $459,639 |
| Average Home Value | $527,617 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
1,290
Multi-Family
0
Businesses
56
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 2007
3.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56465, Merrifield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,889 (100%) |
| Owner Occupied HU | 963 (51.0%) |
| Renter Occupied HU | 89 ( 4.7%) |
| Vacant Housing Units | 837 (44.3%) |
| Median Home Value | $459,639 |
| Average Home Value | $527,617 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
1,290
Multi-Family
0
Businesses
56
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7106266