312 Melby AveAshbyMN56309
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 Ashby at 312 Melby Ave, Ashby, MN, 56309 at $239,000 posts ROI 15.81% with from $1,222/mo rent. Total monthly income equals $1,222/mo. Return on cash invested measures 15.81% and rental yield reads 6.14% at the current $239,000. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 by year five. Five-year ROI prints 80.97% and total cumulative return in cash totals $64,152. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,222/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56309, Ashby, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 743 (100%) |
| Owner Occupied HU | 408 (54.9%) |
| Renter Occupied HU | 86 (11.6%) |
| Vacant Housing Units | 249 (33.5%) |
| Median Home Value | $364,935 |
| Average Home Value | $441,409 |
Housing Distribution
Address Breakdown
Residential
374
Single Family
374
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel W Ness • Century 21 Atwood
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6697405
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