309 Main StFarmingtonMN55024
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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
Rental property for sale in Farmington at 309 Main St, Farmington, MN, 55024 priced at $255,777 converts $2,640/mo rent into $1,043/mo cash flow after a $1,252/mo obligation. Total monthly income equals $2,640/mo, and annual cash flow totals $12,512/yr on $84,790 invested. Return on cash invested prints 34.67% in year one, and rental yield reads 12.39% against a $255,777 entry. Equity gained on principal adds $1,650/yr, while 5% annual appreciation compiles into $70,666 by year five. Five-year ROI reaches 182.04% and total cumulative return in cash sums $154,356. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $1,252/mo payment, not borrower’s personal income.
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Shannon M. Earle • Fresh Start Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6795812
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