320 & 312 8th St SE #BStaplesMN56479
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
Investment property for sale in Staples at 320 & 312 8th St SE #B, Staples, MN, 56479 offers a 6.35% rental yield on a $186,000 purchase with $984/mo rent. 46% in year one. Equity gained on principal adds $1,200/yr while 5% annual appreciation supports $51,388 over five years. Portfolio math shows five-year ROI at 84.41% and total cumulative return in cash at $52,048. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $984/mo property income against a $910/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56479, Staples, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,777 (100%) |
| Owner Occupied HU | 1,702 (61.3%) |
| Renter Occupied HU | 659 (23.7%) |
| Vacant Housing Units | 416 (15.0%) |
| Median Home Value | $215,813 |
| Average Home Value | $237,895 |
Housing Distribution
Address Breakdown
Residential
2,385
Single Family
2,096
Multi-Family
289
Businesses
165
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Listed by: Jerni A Holweg • Centennial Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6686784
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