328 Balsam Ave SNew RichlandMN56072
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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 New Richland at 328 Balsam Ave S, New Richland, MN, 56072 earns $236/mo cash flow from $1,360/mo rent with a $881/mo payment. Total monthly income totals $1,360/mo, and annual cash flow totals $2,834/yr on $59,637 capital. ROI tracks 24.66% on current figures, and rental yield reads 9.07% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 128.49% and total cumulative return in cash sums $76,629. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,360/mo property income instead of your personal income.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56072, New Richland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,015 (100%) |
| Owner Occupied HU | 780 (76.8%) |
| Renter Occupied HU | 138 (13.6%) |
| Vacant Housing Units | 97 ( 9.6%) |
| Median Home Value | $207,292 |
| Average Home Value | $282,580 |
Housing Distribution
Address Breakdown
Residential
855
Single Family
834
Multi-Family
21
Businesses
59
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Listed by: Elizabeth Ranae Janike • RE/MAX Masters
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6821960