300 Pine StCannon FallsMN55009
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 Cannon Falls at 300 Pine St, Cannon Falls, MN, 55009 priced at $290,000 pairs $2,348/mo rent with $538/mo cash flow after a $1,419/mo payment. Total monthly income equals $2,348/mo, and annual cash flow comes to $6,450/yr on $96,135 invested. Return on cash invested is 26.62% in year one, and rental yield stands at 9.72% on a $290,000 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,122 by year five. Five-year ROI measures 138.9% and total cumulative return in cash reaches $133,528. For financing, Ziffy Mortgage’s DSCR program evaluates $2,348/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2003
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55009, Cannon Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 2,726 (74.7%) |
| Renter Occupied HU | 725 (19.9%) |
| Vacant Housing Units | 199 ( 5.5%) |
| Median Home Value | $379,935 |
| Average Home Value | $421,616 |
Housing Distribution
Address Breakdown
Residential
3,538
Single Family
3,176
Multi-Family
362
Businesses
279
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Listed by: MaKenzie Franklin • Weichert, REALTORS- Heartland
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7005481