2865 Quartz Pl NWRochesterMN55901
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 Rochester at 2865 Quartz Pl NW, Rochester, MN, 55901 priced at $247,000 converts $2,075/mo rent into $227/mo cash flow after a $1,209/mo obligation. Total monthly income equals $2,075/mo, and annual cash flow totals $2,726/yr on $81,881 invested. Return on cash invested prints 23.24% in year one, and rental yield reads 10.08% against a $247,000 entry. Equity gained on principal adds $1,594/yr, while 5% annual appreciation compiles into $68,242 by year five. Five-year ROI reaches 122.45% and total cumulative return in cash sums $100,264. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,075/mo property income covering a $1,209/mo payment, not borrower’s personal income.
Townhouse
Built in 2003
871.20 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55901, Rochester, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,737 (100%) |
| Owner Occupied HU | 15,386 (57.5%) |
| Renter Occupied HU | 9,779 (36.6%) |
| Vacant Housing Units | 1,572 ( 5.9%) |
| Median Home Value | $346,339 |
| Average Home Value | $386,451 |
Housing Distribution
Address Breakdown
Residential
25,073
Single Family
19,103
Multi-Family
5,970
Businesses
1,299
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Listed by: Daniel Kingsley • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6688878
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