306 3rd StShellyMN56581
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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 Shelly at 306 3rd St, Shelly, MN, 56581 offers a 9.44% rental yield on a $199,900 purchase with $1,573/mo rent. Total monthly income registers $1,573/mo, and a $978/mo payment leaves $325/mo available for distribution. Annual cash flow reaches $3,902/yr on $66,267 to close, and return on cash invested stands at 25.8% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 134.55% and total cumulative return in cash at $89,161. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,573/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56581, Shelly, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 160 (100%) |
| Owner Occupied HU | 102 (63.7%) |
| Renter Occupied HU | 27 (16.9%) |
| Vacant Housing Units | 31 (19.4%) |
| Median Home Value | $129,167 |
| Average Home Value | $213,701 |
Housing Distribution
Address Breakdown
Residential
77
Single Family
77
Multi-Family
0
Businesses
8
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