308 2nd St SESaint MichaelMN55376
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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 Saint Michael at 308 2nd St SE, Saint Michael, MN, 55376 with 5% annual appreciation on a $536,900 basis while $1,972/mo rent supports operations. 68% in year one. Equity gained on principal adds $3,465/yr, and five-year appreciation sums $148,336 alongside rental yield of 4.41%. Five-year ROI measures 53.4% and total cumulative return in cash totals $94,333. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,972/mo property income versus a $2,628/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Apartment
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55376, Saint Michael, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 6,333 (85.2%) |
| Renter Occupied HU | 824 (11.1%) |
| Vacant Housing Units | 278 ( 3.7%) |
| Median Home Value | $416,843 |
| Average Home Value | $455,816 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,681
Multi-Family
265
Businesses
334
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A