313 2nd Ave NENew LondonMN56273
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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
Rental property for sale in New London at 313 2nd Ave NE, New London, MN, 56273 offers $2,183/mo rent that, after a $1,297/mo payment, leaves $528/mo cash flow. Total monthly income is $2,183/mo, and annual cash flow is $6,339/yr on $87,848 cash. Return on cash invested measures 27.12% in year one, and rental yield stands at 9.89% at a $265,000 entry. Equity gained on principal adds $1,710/yr while 5% annual appreciation compounds into $73,215 by year five. Five-year ROI records 141.63% and total cumulative return in cash reaches $124,419. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,183/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56273, New London, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,535 (100%) |
| Owner Occupied HU | 1,809 (71.4%) |
| Renter Occupied HU | 265 (10.5%) |
| Vacant Housing Units | 461 (18.2%) |
| Median Home Value | $388,316 |
| Average Home Value | $476,165 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,874
Multi-Family
122
Businesses
155
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Listed by: Fernando Cano • Edina Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6792937