33991 Noble AveRedwood FallsMN56283
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Redwood Falls at 33991 Noble Ave, Redwood Falls, MN, 56283 uses $81,218 cash to close to unlock $7,899/yr annual cash flow and $658/mo monthly cash flow. Total monthly income runs $2,188/mo, and a $1,199/mo payment keeps the spread at $658/mo. Purchase price stands at $245,000, and rental yield measures 10.72% with $2,188/mo rent. Return on cash invested shows 29.63% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 155.12% and total cumulative return in cash records $125,988. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,188/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1930
3.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56283, Redwood Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 1,951 (64.2%) |
| Renter Occupied HU | 783 (25.7%) |
| Vacant Housing Units | 307 (10.1%) |
| Median Home Value | $215,722 |
| Average Home Value | $280,286 |
Housing Distribution
Address Breakdown
Residential
2,963
Single Family
2,551
Multi-Family
412
Businesses
317
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Nearby investment properties with comparable prices
Listed by: David Jon Mattison • Minnesota Lands and Homes Real Estate
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6616015
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