381 Spruce StPaynesvilleMN56362
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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 Paynesville at 381 Spruce St, Paynesville, MN, 56362 priced at $138,000 pairs $1,453/mo rent with $417/mo cash flow after a $675/mo payment. Total monthly income equals $1,453/mo, and annual cash flow comes to $5,000/yr on $45,747 invested. Return on cash invested is 30.84% in year one, and rental yield stands at 12.63% on a $138,000 basis. Equity gained on principal adds $890/yr, and 5% annual appreciation accumulates to $38,127 by year five. Five-year ROI measures 163.2% and total cumulative return in cash reaches $74,658. For financing, Ziffy Mortgage’s DSCR program evaluates $1,453/mo property income against a $675/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1981
1,742 sqft lot
$N/A/sqft
$175 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Patrick Flanders • Patrick Flanders Realty, Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6415499
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