301 3rd Ave SBorupMN56519
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
Investment property for sale in Borup at 301 3rd Ave S, Borup, MN, 56519 listed at $405,000 pairs $1,110/mo rent with a $1,982/mo payment. Total monthly income runs $1,110/mo. Return on cash invested measures 7.23% in year one, and rental yield registers 3.29% at a $405,000 basis. Equity gained on principal adds $2,613/yr, and annual property appreciation at 5% supports $111,894 by year five. Five-year ROI tracks 34.94% and total cumulative return in cash totals $46,910. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,110/mo property income relative to a $1,982/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
4.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56519, Borup, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 163 (100%) |
| Owner Occupied HU | 104 (63.8%) |
| Renter Occupied HU | 30 (18.4%) |
| Vacant Housing Units | 29 (17.8%) |
| Median Home Value | $222,222 |
| Average Home Value | $252,043 |
Housing Distribution
Address Breakdown
Residential
86
Single Family
86
Multi-Family
0
Businesses
11
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Listed by: Joe Beske • REAL (3064 FGO)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6744970
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