324 Main StCourtlandMN56021
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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 Courtland at 324 Main St, Courtland, MN, 56021 earns $169/mo cash flow from $1,105/mo rent with a $734/mo payment. Total monthly income totals $1,105/mo, and annual cash flow totals $2,022/yr on $49,725 capital. ROI tracks 23.98% on current figures, and rental yield reads 8.84% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 124.78% and total cumulative return in cash sums $62,046. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,105/mo property income instead of your personal income.
Single Family
Built in 1890
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56021, Courtland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 433 (100%) |
| Owner Occupied HU | 373 (86.1%) |
| Renter Occupied HU | 51 (11.8%) |
| Vacant Housing Units | 9 ( 2.1%) |
| Median Home Value | $335,586 |
| Average Home Value | $350,965 |
Housing Distribution
Address Breakdown
Residential
409
Single Family
409
Multi-Family
0
Businesses
32
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Nearby investment properties with comparable prices
Listed by: Rex Benjamin Ii • Borgshomes Realty
Mls Name: RASM
Mls Provider:
Mls ID: #7036887
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-05-05 10:06:49 PDT