305 E 2nd StMinneotaMN56264
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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 Minneota at 305 E 2nd St, Minneota, MN, 56264 offers a 9.16% rental yield on a $100,000 purchase with $763/mo rent. Total monthly income registers $763/mo, and a $489/mo payment leaves $139/mo available for distribution. Annual cash flow reaches $1,668/yr on $33,150 to close, and return on cash invested stands at 24.94% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 129.89% and total cumulative return in cash at $43,060. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $763/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56264, Minneota, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 927 (100%) |
| Owner Occupied HU | 691 (74.5%) |
| Renter Occupied HU | 147 (15.9%) |
| Vacant Housing Units | 89 ( 9.6%) |
| Median Home Value | $221,627 |
| Average Home Value | $250,868 |
Housing Distribution
Address Breakdown
Residential
766
Single Family
705
Multi-Family
61
Businesses
55
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