308 Quince St SWNew LondonMN56273
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 New London at 308 Quince St SW, New London, MN, 56273 at $289,900 posts ROI 26.27% with $510/mo cash flow from $2,320/mo rent. Total monthly income equals $2,320/mo, and annual cash flow records $6,116/yr on $96,102 to close. Return on cash invested measures 26.27% and rental yield reads 9.6% at the current $289,900. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 by year five. Five-year ROI prints 137.04% and total cumulative return in cash totals $131,697.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,320/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1996
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56273, New London, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,535 (100%) |
| Owner Occupied HU | 1,809 (71.4%) |
| Renter Occupied HU | 265 (10.5%) |
| Vacant Housing Units | 461 (18.2%) |
| Median Home Value | $388,316 |
| Average Home Value | $476,165 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,874
Multi-Family
122
Businesses
155
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Nearby investment properties with comparable prices
Listed by: Aaron Benjamin Christensen • Edina Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6770270