320 2nd Ave SWMelroseMN56352
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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 Melrose at 320 2nd Ave SW, Melrose, MN, 56352 uses $79,527 cash to close to unlock $4,802/yr annual cash flow and $400/mo monthly cash flow. Total monthly income runs $1,898/mo, and a $1,174/mo payment keeps the spread at $400/mo. Purchase price stands at $239,900, and rental yield measures 9.49% with $1,898/mo rent. Return on cash invested shows 25.95% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 135.33% and total cumulative return in cash records $107,623. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,898/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1958
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56352, Melrose, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,428 (100%) |
| Owner Occupied HU | 1,693 (69.7%) |
| Renter Occupied HU | 509 (21.0%) |
| Vacant Housing Units | 226 ( 9.3%) |
| Median Home Value | $323,153 |
| Average Home Value | $382,620 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
1,954
Multi-Family
235
Businesses
146
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