331 S Ewing StGood ThunderMN56037
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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
Rental property for sale in Good Thunder at 331 S Ewing St, Good Thunder, MN, 56037 priced at $275,000 converts $1,790/mo rent into $73/mo cash flow after a $1,346/mo obligation. Total monthly income equals $1,790/mo, and annual cash flow totals $873/yr on $91,163 invested. Return on cash invested prints 20.87% in year one, and rental yield reads 7.81% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 108.06% and total cumulative return in cash sums $98,507. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,790/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56037, Good Thunder, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 680 (100%) |
| Owner Occupied HU | 552 (81.2%) |
| Renter Occupied HU | 85 (12.5%) |
| Vacant Housing Units | 43 ( 6.3%) |
| Median Home Value | $316,552 |
| Average Home Value | $397,966 |
Housing Distribution
Address Breakdown
Residential
523
Single Family
503
Multi-Family
20
Businesses
16
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Listed by: Amy Klammer • True Real Estate
Mls Name: RASM
Mls ID: #7038881