306 3rd St SPrincetonMN55371
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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 Princeton at 306 3rd St S, Princeton, MN, 55371 offers a 11.71% rental yield on a $145,000 purchase with $1,415/mo rent. Total monthly income registers $1,415/mo, and a $710/mo payment leaves $509/mo available for distribution. Annual cash flow reaches $6,111/yr on $48,068 to close, and return on cash invested stands at 32.62% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 171.2% and total cumulative return in cash at $82,292. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,415/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55371, Princeton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,871 (100%) |
| Owner Occupied HU | 5,419 (78.9%) |
| Renter Occupied HU | 1,108 (16.1%) |
| Vacant Housing Units | 344 ( 5.0%) |
| Median Home Value | $332,107 |
| Average Home Value | $352,440 |
Housing Distribution
Address Breakdown
Residential
6,936
Single Family
6,457
Multi-Family
479
Businesses
461
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