304 3rd St NEllendaleMN56026
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
Investment property for sale in Ellendale at 304 3rd St N, Ellendale, MN, 56026 earns $1,378/mo cash flow from $2,455/mo rent with a $844/mo payment. Total monthly income totals $2,455/mo, and annual cash flow totals $16,537/yr on $57,184 capital. ROI tracks 48.83% on current figures, and rental yield reads 17.08% at a $172,500 purchase. Equity gained on principal adds $1,113/yr, and 5% annual appreciation supports $47,659 over five years. Five-year ROI reaches 258.08% and total cumulative return in cash sums $147,578. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,455/mo property income instead of your personal income.
Single Family
Built in 1918
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56026, Ellendale, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 916 (100%) |
| Owner Occupied HU | 686 (74.9%) |
| Renter Occupied HU | 136 (14.8%) |
| Vacant Housing Units | 94 (10.3%) |
| Median Home Value | $306,011 |
| Average Home Value | $350,394 |
Housing Distribution
Address Breakdown
Residential
726
Single Family
687
Multi-Family
39
Businesses
39
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Nearby investment properties with comparable prices
Listed by: Diane Holland • RE/MAX Venture
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6732728
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