265 3rd St NWSolwayMN56678
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
Investment property for sale in Solway at 265 3rd St NW, Solway, MN, 56678 uses $72,897 cash to close to unlock $2,486/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $1,580/mo, and a $1,076/mo payment keeps the spread at $207/mo. Purchase price stands at $219,900, and rental yield measures 8.62% with $1,580/mo rent. Return on cash invested shows 23.32% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 121.26% and total cumulative return in cash records $88,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,580/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1948
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56678, Solway, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 721 (100%) |
| Owner Occupied HU | 502 (69.6%) |
| Renter Occupied HU | 51 ( 7.1%) |
| Vacant Housing Units | 168 (23.3%) |
| Median Home Value | $273,649 |
| Average Home Value | $312,062 |
Housing Distribution
Address Breakdown
Residential
507
Single Family
507
Multi-Family
0
Businesses
20
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices