303 5th St WCarlosMN56319
Nearby investment properties with comparable rents
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 Carlos at 303 5th St W, Carlos, MN, 56319 offers $1,073/mo rent that, after a $680/mo payment, leaves $205/mo cash flow. Total monthly income is $1,073/mo, and annual cash flow is $2,466/yr on $46,045 cash. Return on cash invested measures 25.26% in year one, and rental yield stands at 9.27% at a $138,900 entry. Equity gained on principal adds $896/yr while 5% annual appreciation compounds into $38,376 by year five. Five-year ROI records 131.69% and total cumulative return in cash reaches $60,637. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,073/mo property income versus a $680/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56319, Carlos, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 732 (100%) |
| Owner Occupied HU | 501 (68.4%) |
| Renter Occupied HU | 76 (10.4%) |
| Vacant Housing Units | 155 (21.2%) |
| Median Home Value | $418,548 |
| Average Home Value | $467,315 |
Housing Distribution
Address Breakdown
Residential
530
Single Family
530
Multi-Family
0
Businesses
26
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Nearby investment properties with comparable prices