302 5th Ave NEMelroseMN56352
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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 Melrose at 302 5th Ave NE, Melrose, MN, 56352 earns $227/mo cash flow from $1,288/mo rent with a $832/mo payment. Total monthly income totals $1,288/mo, and annual cash flow totals $2,720/yr on $56,322 capital. ROI tracks 24.74% on current figures, and rental yield reads 9.1% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 128.84% and total cumulative return in cash sums $72,566. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,288/mo property income instead of your personal income.
Manufactured
Built in 1988
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56352, Melrose, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,428 (100%) |
| Owner Occupied HU | 1,693 (69.7%) |
| Renter Occupied HU | 509 (21.0%) |
| Vacant Housing Units | 226 ( 9.3%) |
| Median Home Value | $323,153 |
| Average Home Value | $382,620 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
1,954
Multi-Family
235
Businesses
146
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