307 W 3rd Ave S #SAdaMN56510
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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
Rental property for sale in Ada at 307 W 3rd Ave S #S, Ada, MN, 56510 offers $0/mo rent that, after a $734/mo payment. Total monthly income is $0/mo. Return on cash invested measures -2.7% in year one, and rental yield stands at 0% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56510, Ada, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,117 (100%) |
| Owner Occupied HU | 723 (64.7%) |
| Renter Occupied HU | 247 (22.1%) |
| Vacant Housing Units | 147 (13.2%) |
| Median Home Value | $169,360 |
| Average Home Value | $221,387 |
Housing Distribution
Address Breakdown
Residential
1,005
Single Family
885
Multi-Family
120
Businesses
159
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Scott Kittelson • Archer Real Estate Services
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6609997
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.