316 8th St SEFreeportMN56331
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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
Investment property for sale in Freeport at 316 8th St SE, Freeport, MN, 56331 uses $93,284 cash to close to unlock $7,103/yr annual cash flow and $592/mo monthly cash flow. Total monthly income runs $2,414/mo, and a $1,377/mo payment keeps the spread at $592/mo. Purchase price stands at $281,400, and rental yield measures 10.29% with $2,414/mo rent. Return on cash invested shows 27.52% in year one, and 5% annual appreciation builds toward $77,746 over five years. Five-year ROI reaches 144.03% and total cumulative return in cash records $134,356. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,414/mo property income covering a $1,377/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56331, Freeport, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 901 (100%) |
| Owner Occupied HU | 743 (82.5%) |
| Renter Occupied HU | 107 (11.9%) |
| Vacant Housing Units | 51 ( 5.7%) |
| Median Home Value | $386,111 |
| Average Home Value | $495,000 |
Housing Distribution
Address Breakdown
Residential
652
Single Family
633
Multi-Family
19
Businesses
50
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