29640 Broadway StLindstromMN55045
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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 Lindstrom at 29640 Broadway St, Lindstrom, MN, 55045 generates $1,902/mo in rent, after a $1,708/mo payment. Total monthly income is $1,902/mo. Return on cash invested sits at 17.03% in year one, and rental yield is 6.54% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 87.5% and total cumulative return in cash sums $101,232. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,902/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55045, Lindstrom, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,440 (100%) |
| Owner Occupied HU | 2,833 (82.4%) |
| Renter Occupied HU | 337 ( 9.8%) |
| Vacant Housing Units | 270 ( 7.8%) |
| Median Home Value | $417,912 |
| Average Home Value | $472,834 |
Housing Distribution
Address Breakdown
Residential
3,241
Single Family
2,757
Multi-Family
484
Businesses
196
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