310 E Main StParkers PrairieMN56361
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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 Parkers Prairie at 310 E Main St, Parkers Prairie, MN, 56361 offers a 9.65% rental yield on a $119,900 purchase with $964/mo rent. Total monthly income registers $964/mo, and a $587/mo payment leaves $215/mo available for distribution. Annual cash flow reaches $2,582/yr on $39,747 to close, and return on cash invested stands at 26.4% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 137.88% and total cumulative return in cash at $54,804. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $964/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1895
6,969 sqft lot
$N/A/sqft
No HOA
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Listed by: Sarah J Klimek • Counselor Realty Inc of Alex
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6793013