308 S 2nd StFisherMN56723
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 308 S 2nd St, Fisher, MN, 56723 in Fisher at $209,900, 5.15% gross yield, is a market-growth asset. Rental yield 5.15%. The $900/mo rent partially funds the $944/mo debt service; the core return is the 5%/yr price growth projected to add $57,992 over five years. Ziffy Mortgage's DSCR mortgage (0.95) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $53,218.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 5.0% |
| Monthly Cash Flow | $(411) | $400 |
City averages based on Fisher market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $900 |
| Total Monthly Debt Service | $1,227 |
| DSCR Ratio | 0.73x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1917
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56723, Fisher, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 385 (100%) |
| Owner Occupied HU | 291 (75.6%) |
| Renter Occupied HU | 61 (15.8%) |
| Vacant Housing Units | 33 ( 8.6%) |
| Median Home Value | $278,636 |
| Average Home Value | $300,790 |
Housing Distribution
Address Breakdown
Residential
302
Single Family
287
Multi-Family
15
Businesses
15
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
Single Family
Built in 1917
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56723, Fisher, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 385 (100%) |
| Owner Occupied HU | 291 (75.6%) |
| Renter Occupied HU | 61 (15.8%) |
| Vacant Housing Units | 33 ( 8.6%) |
| Median Home Value | $278,636 |
| Average Home Value | $300,790 |
Housing Distribution
Address Breakdown
Residential
302
Single Family
287
Multi-Family
15
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
