313 3rd Ave NEmmonsMN56029
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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 Emmons at 313 3rd Ave N, Emmons, MN, 56029 generates $1,745/mo in rent and, after a $1,219/mo payment, leaves $190/mo in cash flow. Total monthly income is $1,745/mo, and annual cash flow is $2,278/yr on $82,544 invested. Return on cash invested sits at 22.67% in year one, and rental yield is 8.41% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 117.71% and total cumulative return in cash sums $97,160. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,745/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56029, Emmons, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 307 (100%) |
| Owner Occupied HU | 232 (75.6%) |
| Renter Occupied HU | 46 (15.0%) |
| Vacant Housing Units | 29 ( 9.4%) |
| Median Home Value | $173,529 |
| Average Home Value | $235,140 |
Housing Distribution
Address Breakdown
Residential
227
Single Family
219
Multi-Family
8
Businesses
17
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