38498 Ironwood AveRedwood FallsMN56283
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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 Redwood Falls at 38498 Ironwood Ave, Redwood Falls, MN, 56283 earns from $2,120/mo rent with a $1,933/mo payment. Total monthly income totals $2,120/mo. ROI tracks 16.74% on current figures, and rental yield reads 6.44% at a $395,000 purchase. Equity gained on principal adds $2,549/yr, and 5% annual appreciation supports $109,131 over five years. Five-year ROI reaches 85.89% and total cumulative return in cash sums $112,470. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,120/mo property income instead of your personal income.
Single Family
Built in 1910
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56283, Redwood Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 1,951 (64.2%) |
| Renter Occupied HU | 783 (25.7%) |
| Vacant Housing Units | 307 (10.1%) |
| Median Home Value | $215,722 |
| Average Home Value | $280,286 |
Housing Distribution
Address Breakdown
Residential
2,963
Single Family
2,551
Multi-Family
412
Businesses
317
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Listed by: Douglas D Kerkhoff • Kerkhoff Auction & Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6768372