304 3rd St NTowerMN55790
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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 Tower at 304 3rd St N, Tower, MN, 55790 uses $62,952 cash to close to unlock $3,188/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $1,451/mo, and a $929/mo payment keeps the spread at $266/mo. Purchase price stands at $189,900, and rental yield measures 9.17% with $1,451/mo rent. Return on cash invested shows 24.97% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 130.09% and total cumulative return in cash records $81,893. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,451/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1936
7,840 sqft lot
$N/A/sqft
No HOA
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Listed by: Steve Amundson • Property Brokers of Minnesota
Mls Name: Range AOR
Mls ID: #148098
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