316 Jefferson LnSaint JosephMN56374
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 Saint Joseph at 316 Jefferson Ln, Saint Joseph, MN, 56374 offers $1,878/mo rent that, after a $1,199/mo payment, leaves $348/mo cash flow. Total monthly income is $1,878/mo, and annual cash flow is $4,181/yr on $81,184 cash. Return on cash invested measures 25.06% in year one, and rental yield stands at 9.2% at a $244,900 entry. Equity gained on principal adds $1,580/yr while 5% annual appreciation compounds into $67,661 by year five. Five-year ROI records 130.57% and total cumulative return in cash reaches $106,001. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,878/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2005
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56374, Saint Joseph, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,771 (100%) |
| Owner Occupied HU | 2,799 (74.2%) |
| Renter Occupied HU | 707 (18.7%) |
| Vacant Housing Units | 265 ( 7.0%) |
| Median Home Value | $378,368 |
| Average Home Value | $446,848 |
Housing Distribution
Address Breakdown
Residential
3,355
Single Family
2,988
Multi-Family
367
Businesses
221
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Johnson-Barnier • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7004469