312 7th St WCanbyMN56220
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 312 7th St W, Canby, MN, 56220 in Canby deserves attention. This $155,000 property earns $1,567/mo in rent, a 12.13% gross yield, and nets $557/mo after the $697/mo payment. DSCR 2.25 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $42,824 compounds alongside $1,428/yr in yearly equity build, for a total cumulative return of $94,854.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 7.0% |
| Monthly Cash Flow | $557 | $350 |
City averages based on Canby market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,567 |
| Total Monthly Debt Service | $949 |
| DSCR Ratio | 1.65x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices