312 7th St WCanbyMN56220
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 Canby at 312 7th St W, Canby, MN, 56220 at $155,000 posts ROI 32.9% with $556/mo cash flow from $1,567/mo rent. Total monthly income equals $1,567/mo, and annual cash flow records $6,675/yr on $51,383 to close. Return on cash invested measures 32.9% and rental yield reads 12.13% at the current $155,000. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 by year five. Five-year ROI prints 173.02% and total cumulative return in cash totals $88,900.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,567/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1938
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56220, Canby, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,293 (100%) |
| Owner Occupied HU | 910 (70.4%) |
| Renter Occupied HU | 219 (16.9%) |
| Vacant Housing Units | 164 (12.7%) |
| Median Home Value | $191,463 |
| Average Home Value | $240,827 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,187
Multi-Family
110
Businesses
117
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Nearby investment properties with comparable prices
Listed by: Cynthia Rogers The Deutz Group • Edina Realty, Inc.
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6496147
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