309 3rd Ave EAdaMN56510
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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 Ada at 309 3rd Ave E, Ada, MN, 56510 offers a 9.45% rental yield on a $179,000 purchase with $1,410/mo rent. Total monthly income registers $1,410/mo, and a $876/mo payment leaves $292/mo available for distribution. Annual cash flow reaches $3,508/yr on $59,339 to close, and return on cash invested stands at 25.82% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 134.65% and total cumulative return in cash at $79,899. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,410/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
4,486 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56510, Ada, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,117 (100%) |
| Owner Occupied HU | 723 (64.7%) |
| Renter Occupied HU | 247 (22.1%) |
| Vacant Housing Units | 147 (13.2%) |
| Median Home Value | $169,360 |
| Average Home Value | $221,387 |
Housing Distribution
Address Breakdown
Residential
1,005
Single Family
885
Multi-Family
120
Businesses
159
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