309 Fillmore St WPrestonMN55965
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 309 Fillmore St W, Preston, MN, 55965 in Preston deserves attention. This $129,900 property earns $2,354/mo in rent, a 21.75% gross yield, and nets $1,513/mo after the $584/mo payment. DSCR 4.03 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $35,889 compounds alongside $1,196/yr in yearly equity build, for a total cumulative return of $146,792.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 21.8% | 6.5% |
| Monthly Cash Flow | $1,513 | $350 |
City averages based on Preston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,354 |
| Total Monthly Debt Service | $789 |
| DSCR Ratio | 2.98x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55965, Preston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,216 (100%) |
| Owner Occupied HU | 861 (70.8%) |
| Renter Occupied HU | 220 (18.1%) |
| Vacant Housing Units | 135 (11.1%) |
| Median Home Value | $307,554 |
| Average Home Value | $419,019 |
Housing Distribution
Address Breakdown
Residential
910
Single Family
873
Multi-Family
37
Businesses
116
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 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55965, Preston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,216 (100%) |
| Owner Occupied HU | 861 (70.8%) |
| Renter Occupied HU | 220 (18.1%) |
| Vacant Housing Units | 135 (11.1%) |
| Median Home Value | $307,554 |
| Average Home Value | $419,019 |
Housing Distribution
Address Breakdown
Residential
910
Single Family
873
Multi-Family
37
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices