357 Glenmar Dr NELongvilleMN56655
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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 Longville at 357 Glenmar Dr NE, Longville, MN, 56655 offers $0/mo rent that, after a $1,273/mo payment. Total monthly income is $0/mo. Return on cash invested measures -2.7% in year one, and rental yield stands at 0% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56655, Longville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,162 (100%) |
| Owner Occupied HU | 688 (31.8%) |
| Renter Occupied HU | 74 ( 3.4%) |
| Vacant Housing Units | 1,400 (64.8%) |
| Median Home Value | $422,764 |
| Average Home Value | $465,694 |
Housing Distribution
Address Breakdown
Residential
1,124
Single Family
1,116
Multi-Family
8
Businesses
87
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Jordan Fevold • Bill Hansen Realty/Longville
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6706907
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