310 Erickson STREET SOUTH SouthHoustonMN55943
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
Investment Highlights
Investment property for sale in Houston at 310 Erickson STREET SOUTH South, Houston, MN, 55943 with 5% annual appreciation on a $380,000 basis while $2,659/mo rent supports operations. Total monthly income totals $2,659/mo and a $1,860/mo payment preserves $286/mo for cash returns. Annual cash flow comes to $3,432/yr on $125,970 deployed, and return on cash invested reaches 22.63% in year one. Equity gained on principal adds $2,452/yr, and five-year appreciation sums $104,987 alongside rental yield of 8.4%. Five-year ROI measures 117.5% and total cumulative return in cash totals $148,021.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,659/mo property income versus a $1,860/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2001
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55943, Houston, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,469 (100%) |
| Owner Occupied HU | 1,084 (73.8%) |
| Renter Occupied HU | 248 (16.9%) |
| Vacant Housing Units | 137 ( 9.3%) |
| Median Home Value | $353,810 |
| Average Home Value | $472,078 |
Housing Distribution
Address Breakdown
Residential
1,132
Single Family
1,110
Multi-Family
22
Businesses
80
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices