337 2nd Ave EHalstadMN56548
Nearby investment properties with comparable rents
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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 Halstad at 337 2nd Ave E, Halstad, MN, 56548 generates $1,946/mo in rent and, after a $930/mo payment, leaves $740/mo in cash flow. Total monthly income is $1,946/mo, and annual cash flow is $8,880/yr on $62,985 invested. Return on cash invested sits at 34.01% in year one, and rental yield is 12.29% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 178.75% and total cumulative return in cash sums $112,584. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,946/mo property income rather than buyer’s personal income.
Single Family
Built in 1933
0.37 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56548, Halstad, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 363 (100%) |
| Owner Occupied HU | 231 (63.6%) |
| Renter Occupied HU | 51 (14.0%) |
| Vacant Housing Units | 81 (22.3%) |
| Median Home Value | $165,278 |
| Average Home Value | $234,838 |
Housing Distribution
Address Breakdown
Residential
252
Single Family
204
Multi-Family
48
Businesses
26
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Nearby investment properties with comparable prices
Listed by: Dawn M Chadwick • Berkshire Hathaway HomeServices Premier Properties
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #7421485
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