309 2nd St NAtwaterMN56209
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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 Atwater at 309 2nd St N, Atwater, MN, 56209 uses $86,190 cash to close to unlock $5,352/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $2,070/mo, and a $1,273/mo payment keeps the spread at $446/mo. Purchase price stands at $260,000, and rental yield measures 9.55% with $2,070/mo rent. Return on cash invested shows 26.12% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 136.18% and total cumulative return in cash records $117,377. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,070/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1913
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56209, Atwater, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,257 (100%) |
| Owner Occupied HU | 775 (61.7%) |
| Renter Occupied HU | 167 (13.3%) |
| Vacant Housing Units | 315 (25.1%) |
| Median Home Value | $270,238 |
| Average Home Value | $344,139 |
Housing Distribution
Address Breakdown
Residential
740
Single Family
740
Multi-Family
0
Businesses
55
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