340 2nd Ave NWMilacaMN56353
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
Rental property for sale in Milaca at 340 2nd Ave NW, Milaca, MN, 56353 priced at $209,900 pairs $1,427/mo rent with $117/mo cash flow after a $1,027/mo payment. Total monthly income equals $1,427/mo, and annual cash flow comes to $1,400/yr on $69,582 invested. Return on cash invested is 21.92% in year one, and rental yield stands at 8.16% on a $209,900 basis. Equity gained on principal adds $1,354/yr, and 5% annual appreciation accumulates to $57,992 by year five. Five-year ROI measures 113.73% and total cumulative return in cash reaches $79,136. For financing, Ziffy Mortgage’s DSCR program evaluates $1,427/mo property income against a $1,027/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56353, Milaca, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,111 (100%) |
| Owner Occupied HU | 2,998 (72.9%) |
| Renter Occupied HU | 833 (20.3%) |
| Vacant Housing Units | 280 ( 6.8%) |
| Median Home Value | $274,311 |
| Average Home Value | $300,156 |
Housing Distribution
Address Breakdown
Residential
3,889
Single Family
3,488
Multi-Family
401
Businesses
248
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Nearby investment properties with comparable prices
Listed by: Paul J. Jackson • Hewitt Jackson Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6677642
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-17 10:47:59 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#28) By searching NorthstarMLS listings you agree to the [NorthstarMLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)