317 2nd St NEMenahgaMN56464
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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 Menahga at 317 2nd St NE, Menahga, MN, 56464 generates $1,434/mo in rent and, after a $973/mo payment, leaves $193/mo in cash flow. Total monthly income is $1,434/mo, and annual cash flow is $2,312/yr on $65,895 invested. Return on cash invested sits at 23.42% in year one, and rental yield is 8.66% on a $198,777 entry. Equity gained on principal adds $1,283/yr, while 5% annual appreciation builds toward $54,918 over five years. Five-year ROI reaches 121.75% and total cumulative return in cash sums $80,228. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,434/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56464, Menahga, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,568 (100%) |
| Owner Occupied HU | 1,506 (58.6%) |
| Renter Occupied HU | 337 (13.1%) |
| Vacant Housing Units | 725 (28.2%) |
| Median Home Value | $247,473 |
| Average Home Value | $298,860 |
Housing Distribution
Address Breakdown
Residential
1,921
Single Family
1,828
Multi-Family
93
Businesses
87
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