305 S Broadway StNew UlmMN56073
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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 New Ulm at 305 S Broadway St, New Ulm, MN, 56073 with 5% annual appreciation on a $104,100 basis while $2,576/mo rent supports operations. Total monthly income totals $2,576/mo and a $510/mo payment preserves $1,854/mo for cash returns. Annual cash flow comes to $22,253/yr on $34,509 deployed, and return on cash invested reaches 84.39% in year one. Equity gained on principal adds $672/yr, and five-year appreciation sums $28,761 alongside rental yield of 29.69%. Five-year ROI measures 449.68% and total cumulative return in cash totals $155,179.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,576/mo property income versus a $510/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
8,197 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56073, New Ulm, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,755 (100%) |
| Owner Occupied HU | 5,599 (72.2%) |
| Renter Occupied HU | 1,724 (22.2%) |
| Vacant Housing Units | 432 ( 5.6%) |
| Median Home Value | $237,607 |
| Average Home Value | $276,836 |
Housing Distribution
Address Breakdown
Residential
7,563
Single Family
6,236
Multi-Family
1,327
Businesses
600
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