304 Secor St NBricelynMN56014
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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 Bricelyn at 304 Secor St N, Bricelyn, MN, 56014 uses $38,123 cash to close to unlock $4,833/yr annual cash flow and $403/mo monthly cash flow. Total monthly income runs $1,121/mo, and a $563/mo payment keeps the spread at $403/mo. Purchase price stands at $115,000, and rental yield measures 11.7% with $1,121/mo rent. Return on cash invested shows 32.59% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 170.92% and total cumulative return in cash records $65,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,121/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1950
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56014, Bricelyn, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 371 (100%) |
| Owner Occupied HU | 261 (70.4%) |
| Renter Occupied HU | 73 (19.7%) |
| Vacant Housing Units | 37 ( 10.0%) |
| Median Home Value | $114,375 |
| Average Home Value | $229,511 |
Housing Distribution
Address Breakdown
Residential
249
Single Family
237
Multi-Family
12
Businesses
12
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