340 Prairie Ave SBrootenMN56316
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 Brooten at 340 Prairie Ave S, Brooten, MN, 56316 at $185,000 posts ROI 25.2% with $270/mo cash flow from $1,468/mo rent. Total monthly income equals $1,468/mo, and annual cash flow records $3,245/yr on $61,328 to close. Return on cash invested measures 25.2% and rental yield reads 9.52% at the current $185,000. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 by year five. Five-year ROI prints 131.65% and total cumulative return in cash totals $80,739.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,468/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56316, Brooten, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 712 (100%) |
| Owner Occupied HU | 490 (68.8%) |
| Renter Occupied HU | 121 (17.0%) |
| Vacant Housing Units | 101 (14.2%) |
| Median Home Value | $329,167 |
| Average Home Value | $436,403 |
Housing Distribution
Address Breakdown
Residential
435
Single Family
413
Multi-Family
22
Businesses
45
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Nearby investment properties with comparable prices
Listed by: Shelly Karnis • Counselor Realty Inc of Alex
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6655283
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