301 7th St W UNIT 2103NorthfieldMN55057
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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
Investment property for sale in Northfield at 301 7th St W UNIT 2103, Northfield, MN, 55057 uses $97,793 cash to close to unlock $1,173/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $1,940/mo, and a $1,444/mo payment keeps the spread at $98/mo. Purchase price stands at $295,000, and rental yield measures 7.89% with $1,940/mo rent. Return on cash invested shows 21.11% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 109.35% and total cumulative return in cash records $106,934. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,940/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Condo
Built in 2005
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55057, Northfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,293 (100%) |
| Owner Occupied HU | 6,437 (69.3%) |
| Renter Occupied HU | 2,481 (26.7%) |
| Vacant Housing Units | 375 ( 4.0%) |
| Median Home Value | $417,495 |
| Average Home Value | $445,045 |
Housing Distribution
Address Breakdown
Residential
9,069
Single Family
7,083
Multi-Family
1,986
Businesses
694
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Listed by: Chad M Skluzacek • Keller Williams Preferred Rlty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6800013