315 3rd St SWStewartvilleMN55976
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 Stewartville at 315 3rd St SW, Stewartville, MN, 55976 offers a 8.17% rental yield on a $335,000 purchase with $2,280/mo rent. Total monthly income registers $2,280/mo, and a $1,640/mo payment leaves $188/mo available for distribution. Annual cash flow reaches $2,253/yr on $111,053 to close, and return on cash invested stands at 21.94% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 113.79% and total cumulative return in cash at $126,368. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,280/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1898
9,975 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55976, Stewartville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,497 (100%) |
| Owner Occupied HU | 2,687 (76.8%) |
| Renter Occupied HU | 683 (19.5%) |
| Vacant Housing Units | 127 ( 3.6%) |
| Median Home Value | $394,668 |
| Average Home Value | $425,922 |
Housing Distribution
Address Breakdown
Residential
3,404
Single Family
3,119
Multi-Family
285
Businesses
183
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Randy Hoffarth • Real Broker, LLC.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6812175