30 1st Ave SWElginMN55932
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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 Elgin at 30 1st Ave SW, Elgin, MN, 55932 generates $2,585/mo in rent and, after a $992/mo payment, leaves $1,309/mo in cash flow. Total monthly income is $2,585/mo, and annual cash flow is $15,702/yr on $67,162 invested. Return on cash invested sits at 43.29% in year one, and rental yield is 15.31% on a $202,600 entry. Equity gained on principal adds $1,307/yr, while 5% annual appreciation builds toward $55,975 over five years. Five-year ROI reaches 228.37% and total cumulative return in cash sums $153,380. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,585/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
7,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55932, Elgin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 806 (100%) |
| Owner Occupied HU | 634 (78.7%) |
| Renter Occupied HU | 127 (15.8%) |
| Vacant Housing Units | 45 ( 5.6%) |
| Median Home Value | $334,783 |
| Average Home Value | $408,486 |
Housing Distribution
Address Breakdown
Residential
629
Single Family
629
Multi-Family
0
Businesses
41
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