302 Mill AveFuldaMN56131
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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
Rental property for sale in Fulda at 302 Mill Ave, Fulda, MN, 56131 priced at $269,500 converts $2,410/mo rent into $727/mo cash flow after a $1,319/mo obligation. Total monthly income equals $2,410/mo, and annual cash flow totals $8,726/yr on $89,339 invested. Return on cash invested prints 29.68% in year one, and rental yield reads 10.73% against a $269,500 entry. Equity gained on principal adds $1,739/yr, while 5% annual appreciation compiles into $74,458 by year five. Five-year ROI reaches 155.34% and total cumulative return in cash sums $138,780. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,410/mo property income covering a $1,319/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56131, Fulda, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,042 (100%) |
| Owner Occupied HU | 759 (72.8%) |
| Renter Occupied HU | 194 (18.6%) |
| Vacant Housing Units | 89 ( 8.5%) |
| Median Home Value | $221,402 |
| Average Home Value | $341,700 |
Housing Distribution
Address Breakdown
Residential
842
Single Family
778
Multi-Family
64
Businesses
70
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