302 2nd St SERenvilleMN56284
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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 Renville at 302 2nd St SE, Renville, MN, 56284 offers a 11.02% rental yield on a $175,000 purchase with $1,607/mo rent. Total monthly income registers $1,607/mo, and a $857/mo payment leaves $514/mo available for distribution. Annual cash flow reaches $6,165/yr on $58,013 to close, and return on cash invested stands at 30.54% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 159.91% and total cumulative return in cash at $92,767. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,607/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1908
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56284, Renville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 873 (100%) |
| Owner Occupied HU | 579 (66.3%) |
| Renter Occupied HU | 201 (23.0%) |
| Vacant Housing Units | 93 (10.7%) |
| Median Home Value | $175,313 |
| Average Home Value | $228,765 |
Housing Distribution
Address Breakdown
Residential
388
Single Family
320
Multi-Family
68
Businesses
51
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