302 Walnut STREET NORTH NorthLa CrescentMN55947
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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
Rental property for sale in La Crescent at 302 Walnut STREET NORTH North, La Crescent, MN, 55947 priced at $330,000 pairs $2,956/mo rent with $896/mo cash flow after a $1,615/mo payment. Total monthly income equals $2,956/mo, and annual cash flow comes to $10,746/yr on $109,395 invested. Return on cash invested is 29.73% in year one, and rental yield stands at 10.75% on a $330,000 basis. Equity gained on principal adds $2,129/yr, and 5% annual appreciation accumulates to $91,173 by year five. Five-year ROI measures 155.6% and total cumulative return in cash reaches $170,219. For financing, Ziffy Mortgage’s DSCR program evaluates $2,956/mo property income against a $1,615/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55947, La Crescent, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,374 (100%) |
| Owner Occupied HU | 2,497 (74.0%) |
| Renter Occupied HU | 643 (19.1%) |
| Vacant Housing Units | 234 ( 6.9%) |
| Median Home Value | $303,099 |
| Average Home Value | $340,467 |
Housing Distribution
Address Breakdown
Residential
3,251
Single Family
3,085
Multi-Family
166
Businesses
173
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Listed by: Susan Timm • Century 21 Affiliated
Mls Name: WIREX MLS
Mls ID: #1929051