3710 9th St NW UNIT CRochesterMN55901
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 Rochester at 3710 9th St NW UNIT C, Rochester, MN, 55901 uses $67,924 cash to close to unlock $3,725/yr annual cash flow and $310/mo monthly cash flow. Total monthly income runs $1,850/mo, and a $1,003/mo payment keeps the spread at $310/mo. Purchase price stands at $204,900, and rental yield measures 10.83% with $1,850/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 134.03% and total cumulative return in cash records $91,042. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,850/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Condo
Built in 2001
871.20 sqft lot
$N/A/sqft
$260 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55901, Rochester, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,737 (100%) |
| Owner Occupied HU | 15,386 (57.5%) |
| Renter Occupied HU | 9,779 (36.6%) |
| Vacant Housing Units | 1,572 ( 5.9%) |
| Median Home Value | $346,339 |
| Average Home Value | $386,451 |
Housing Distribution
Address Breakdown
Residential
25,073
Single Family
19,103
Multi-Family
5,970
Businesses
1,299
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Listed by: Victor Peterson • RE/MAX Results - Nisswa
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6685048
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