307 W BroadwayClimaxMN56523
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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 Climax at 307 W Broadway, Climax, MN, 56523 priced at $250,000 converts $1,142/mo rent into after a $1,224/mo obligation. Total monthly income equals $1,142/mo. Return on cash invested prints 13.83% in year one, and rental yield reads 5.48% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 70.35% and total cumulative return in cash sums $58,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,142/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56523, Climax, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 223 (100%) |
| Owner Occupied HU | 178 (79.8%) |
| Renter Occupied HU | 30 (13.5%) |
| Vacant Housing Units | 15 ( 6.7%) |
| Median Home Value | $233,333 |
| Average Home Value | $257,612 |
Housing Distribution
Address Breakdown
Residential
147
Single Family
136
Multi-Family
11
Businesses
19
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Listed by: Mary L Dietrich • Greenberg Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-881
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.