320 4th Ave SWLong PrairieMN56347
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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 Long Prairie at 320 4th Ave SW, Long Prairie, MN, 56347 offers a 9.39% rental yield on a $143,500 purchase with $1,123/mo rent. Total monthly income registers $1,123/mo, and a $702/mo payment leaves $227/mo available for distribution. Annual cash flow reaches $2,727/yr on $47,570 to close, and return on cash invested stands at 25.64% in year one. Equity gained on principal adds $926/yr while 5% annual appreciation supports $39,646 over five years. Portfolio math shows five-year ROI at 133.73% and total cumulative return in cash at $63,617. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,123/mo property income against a $702/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56347, Long Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,042 (100%) |
| Owner Occupied HU | 1,965 (64.6%) |
| Renter Occupied HU | 718 (23.6%) |
| Vacant Housing Units | 359 (11.8%) |
| Median Home Value | $233,362 |
| Average Home Value | $269,607 |
Housing Distribution
Address Breakdown
Residential
2,848
Single Family
2,523
Multi-Family
325
Businesses
240
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Listed by: Brooke Thieschafer • MOVE IT REAL ESTATE GROUP/LAKEHOMES.COM
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6794335