36367 580th AveCorrellMN56227
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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
Investment property for sale in Correll at 36367 580th Ave, Correll, MN, 56227 listed at $255,000 pairs $1,498/mo rent with a $1,248/mo payment. Total monthly income runs $1,498/mo. Return on cash invested measures 18.57% in year one, and rental yield registers 7.05% at a $255,000 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,452 by year five. Five-year ROI tracks 95.75% and total cumulative return in cash totals $80,936. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,498/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1927
7.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56227, Correll, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 142 (100%) |
| Owner Occupied HU | 74 (52.1%) |
| Renter Occupied HU | 24 (16.9%) |
| Vacant Housing Units | 44 (31.0%) |
| Median Home Value | $223,333 |
| Average Home Value | $253,682 |
Housing Distribution
Address Breakdown
Residential
85
Single Family
85
Multi-Family
0
Businesses
4
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