303 Main St EVernon CenterMN56090
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 Vernon Center at 303 Main St E, Vernon Center, MN, 56090 priced at $189,900 pairs $1,499/mo rent with $314/mo cash flow after a $929/mo payment. Total monthly income equals $1,499/mo, and annual cash flow comes to $3,764/yr on $62,952 invested. Return on cash invested is 25.89% in year one, and rental yield stands at 9.47% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 134.99% and total cumulative return in cash reaches $84,977. For financing, Ziffy Mortgage’s DSCR program evaluates $1,499/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56090, Vernon Center, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 275 (100%) |
| Owner Occupied HU | 223 (81.1%) |
| Renter Occupied HU | 35 (12.7%) |
| Vacant Housing Units | 17 ( 6.2%) |
| Median Home Value | $357,353 |
| Average Home Value | $440,706 |
Housing Distribution
Address Breakdown
Residential
134
Single Family
134
Multi-Family
0
Businesses
12
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Listed by: Judy Ness • Homestead Realty, LLC
Mls Name: RASM
Mls Provider:
Mls ID: #7036569
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-02-21 23:15:35 PST