303 1st Ave EGaryMN56545
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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 Gary at 303 1st Ave E, Gary, MN, 56545 listed at $189,900 pairs $1,664/mo rent with a $929/mo payment to leave $479/mo cash flow. Total monthly income runs $1,664/mo, and annual cash flow reaches $5,744/yr on $62,952 cash to close. Return on cash invested measures 29.03% in year one, and rental yield registers 10.52% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 151.86% and total cumulative return in cash totals $95,597. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,664/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56545, Gary, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 270 (100%) |
| Owner Occupied HU | 201 (74.4%) |
| Renter Occupied HU | 34 (12.6%) |
| Vacant Housing Units | 35 (13.0%) |
| Median Home Value | $205,000 |
| Average Home Value | $214,627 |
Housing Distribution
Address Breakdown
Residential
248
Single Family
248
Multi-Family
0
Businesses
17
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