315 Minnesota St ECannon FallsMN55009
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
Rental property for sale in Cannon Falls at 315 Minnesota St E, Cannon Falls, MN, 55009 priced at $195,000 converts $1,648/mo rent into $431/mo cash flow after a $954/mo obligation. Total monthly income equals $1,648/mo, and annual cash flow totals $5,169/yr on $64,643 invested. Return on cash invested prints 27.91% in year one, and rental yield reads 10.14% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 145.8% and total cumulative return in cash sums $94,246. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,648/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55009, Cannon Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 2,726 (74.7%) |
| Renter Occupied HU | 725 (19.9%) |
| Vacant Housing Units | 199 ( 5.5%) |
| Median Home Value | $379,935 |
| Average Home Value | $421,616 |
Housing Distribution
Address Breakdown
Residential
3,538
Single Family
3,176
Multi-Family
362
Businesses
279
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Benjamin V. Hanf • LPT Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6685201
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