2897 127th AvePrincetonMN55371
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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 Princeton at 2897 127th Ave, Princeton, MN, 55371 generates $1,999/mo in rent and, after a $896/mo payment, leaves $856/mo in cash flow. Total monthly income is $1,999/mo, and annual cash flow is $10,271/yr on $60,665 invested. Return on cash invested sits at 36.84% in year one, and rental yield is 13.11% on a $183,000 entry. Equity gained on principal adds $1,181/yr, while 5% annual appreciation builds toward $50,560 over five years. Five-year ROI reaches 193.69% and total cumulative return in cash sums $117,503. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,999/mo property income rather than buyer’s personal income.
Manufactured
Built in 1984
2.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55371, Princeton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,871 (100%) |
| Owner Occupied HU | 5,419 (78.9%) |
| Renter Occupied HU | 1,108 (16.1%) |
| Vacant Housing Units | 344 ( 5.0%) |
| Median Home Value | $332,107 |
| Average Home Value | $352,440 |
Housing Distribution
Address Breakdown
Residential
6,936
Single Family
6,457
Multi-Family
479
Businesses
461
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Listed by: Shauna Ann Olson • Hewitt Jackson Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6720688
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