400 Main St WMorristownMN55052
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
Rental property for sale in Morristown at 400 Main St W, Morristown, MN, 55052 priced at $232,900 pairs $2,164/mo rent with $557/mo cash flow after a $1,140/mo payment. Total monthly income equals $2,164/mo, and annual cash flow comes to $6,682/yr on $77,206 invested. Return on cash invested is 28.56% in year one, and rental yield stands at 11.15% on a $232,900 basis. Equity gained on principal adds $1,503/yr, and 5% annual appreciation accumulates to $64,346 by year five. Five-year ROI measures 150.18% and total cumulative return in cash reaches $115,949. For financing, Ziffy Mortgage’s DSCR program evaluates $2,164/mo property income against a $1,140/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55052, Morristown, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 900 (100%) |
| Owner Occupied HU | 696 (77.3%) |
| Renter Occupied HU | 116 (12.9%) |
| Vacant Housing Units | 88 ( 9.8%) |
| Median Home Value | $411,688 |
| Average Home Value | $410,830 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
695
Multi-Family
14
Businesses
39
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Nearby investment properties with comparable prices
Listed by: Debbie Graber • Real Broker, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6719786
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