2820 N Service DrRed WingMN55066
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
Rental property for sale in Red Wing at 2820 N Service Dr, Red Wing, MN, 55066 priced at $179,000 converts $1,862/mo rent into $744/mo cash flow after a $876/mo obligation. Total monthly income equals $1,862/mo, and annual cash flow totals $8,932/yr on $59,339 invested. Return on cash invested prints 34.96% in year one, and rental yield reads 12.48% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 183.69% and total cumulative return in cash sums $108,999. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,862/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55066, Red Wing, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,639 (100%) |
| Owner Occupied HU | 5,722 (66.2%) |
| Renter Occupied HU | 2,426 (28.1%) |
| Vacant Housing Units | 491 ( 5.7%) |
| Median Home Value | $299,791 |
| Average Home Value | $345,687 |
Housing Distribution
Address Breakdown
Residential
8,540
Single Family
6,971
Multi-Family
1,569
Businesses
699
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Nearby investment properties with comparable prices
Listed by: Timothy A Nybo • Coldwell Banker Nybo & Assoc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6715281
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