30 Main St S #8HPine CityMN55063
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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 Pine City at 30 Main St S #8H, Pine City, MN, 55063 priced at $255,000 converts $1,805/mo rent into $213/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,805/mo, and annual cash flow totals $2,553/yr on $84,533 invested. Return on cash invested prints 22.93% in year one, and rental yield reads 8.49% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 119.11% and total cumulative return in cash sums $100,688. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,805/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Condo
Built in 1936
0.89 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55063, Pine City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,878 (100%) |
| Owner Occupied HU | 3,157 (64.7%) |
| Renter Occupied HU | 856 (17.5%) |
| Vacant Housing Units | 865 (17.7%) |
| Median Home Value | $285,815 |
| Average Home Value | $320,475 |
Housing Distribution
Address Breakdown
Residential
4,386
Single Family
4,086
Multi-Family
300
Businesses
292
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