38092 County Highway 44 #8RichvilleMN56576
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 38092 County Highway 44 #8, Richville, MN, 56576 in Richville worth modelling. At $150,000 with a 9.72% gross yield, the $1,216/mo rent leaves $137/mo after the $674/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.80 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $41,442 by year five; $1,382/yr in principal reduction adds further equity. Total projected return: $74,948.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.5% |
| Monthly Cash Flow | $137 | $1,200 |
City averages based on Richville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,216 |
| Total Monthly Debt Service | $877 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1954
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56576, Richville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 983 (100%) |
| Owner Occupied HU | 359 (36.5%) |
| Renter Occupied HU | 52 ( 5.3%) |
| Vacant Housing Units | 572 (58.2%) |
| Median Home Value | $416,154 |
| Average Home Value | $465,982 |
Housing Distribution
Address Breakdown
Residential
554
Single Family
554
Multi-Family
0
Businesses
14
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
Single Family
Built in 1954
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56576, Richville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 983 (100%) |
| Owner Occupied HU | 359 (36.5%) |
| Renter Occupied HU | 52 ( 5.3%) |
| Vacant Housing Units | 572 (58.2%) |
| Median Home Value | $416,154 |
| Average Home Value | $465,982 |
Housing Distribution
Address Breakdown
Residential
554
Single Family
554
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices