38530 631st AveNew UlmMN56073
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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 New Ulm at 38530 631st Ave, New Ulm, MN, 56073 uses $79,560 cash to close to unlock $3,732/yr annual cash flow and $311/mo monthly cash flow. Total monthly income runs $1,810/mo, and a $1,175/mo payment keeps the spread at $311/mo. Purchase price stands at $240,000, and rental yield measures 9.05% with $1,810/mo rent. Return on cash invested shows 24.6% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 128.06% and total cumulative return in cash records $101,882. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,810/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56073, New Ulm, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,755 (100%) |
| Owner Occupied HU | 5,599 (72.2%) |
| Renter Occupied HU | 1,724 (22.2%) |
| Vacant Housing Units | 432 ( 5.6%) |
| Median Home Value | $237,607 |
| Average Home Value | $276,836 |
Housing Distribution
Address Breakdown
Residential
7,563
Single Family
6,236
Multi-Family
1,327
Businesses
600
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Listed by: Lisa Besemer • New Ulm Real Estate LLC
Mls Name: RASM
Mls Provider:
Mls ID: #7036139
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2024-02-12 10:03:05 PST