3308 15th Ave NWRochesterMN55901
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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 Rochester at 3308 15th Ave NW, Rochester, MN, 55901 listed at $294,500 pairs $2,051/mo rent with a $1,441/mo payment to leave $212/mo cash flow. Total monthly income runs $2,051/mo, and annual cash flow reaches $2,549/yr on $97,627 cash to close. Return on cash invested measures 22.52% in year one, and rental yield registers 8.36% at a $294,500 basis. Equity gained on principal adds $1,900/yr, and annual property appreciation at 5% supports $81,365 by year five. Five-year ROI tracks 116.94% and total cumulative return in cash totals $114,169. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,051/mo property income relative to a $1,441/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55901, Rochester, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,737 (100%) |
| Owner Occupied HU | 15,386 (57.5%) |
| Renter Occupied HU | 9,779 (36.6%) |
| Vacant Housing Units | 1,572 ( 5.9%) |
| Median Home Value | $346,339 |
| Average Home Value | $386,451 |
Housing Distribution
Address Breakdown
Residential
25,073
Single Family
19,103
Multi-Family
5,970
Businesses
1,299
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Listed by: Kimberly Katzenmeyer • Keller Williams Realty Integrity Nw
Mls Name: RASM
Mls Provider:
Mls ID: #7036042
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 2024, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2024-02-12 10:03:05 PST