356 6th Ct SEDoverMN55929
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 Dover at 356 6th Ct SE, Dover, MN, 55929 offers a 9.57% rental yield on a $349,900 purchase with $2,789/mo rent. Total monthly income registers $2,789/mo, and a $1,713/mo payment leaves $604/mo available for distribution. Annual cash flow reaches $7,244/yr on $115,992 to close, and return on cash invested stands at 26.15% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 136.41% and total cumulative return in cash at $158,226. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,789/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55929, Dover, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 493 (100%) |
| Owner Occupied HU | 427 (86.6%) |
| Renter Occupied HU | 46 ( 9.3%) |
| Vacant Housing Units | 20 ( 4.1%) |
| Median Home Value | $491,667 |
| Average Home Value | $559,649 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
17
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Nearby investment properties with comparable prices
Listed by: Kelsey Bergey • RE/MAX Select Properties
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6731468
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