401 Galles DrRedwood 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 401 Galles Dr, Redwood Falls, MN, 56283 uses $94,776 cash to close to unlock $3,624/yr annual cash flow and $302/mo monthly cash flow. Total monthly income runs $2,087/mo, and a $1,399/mo payment keeps the spread at $302/mo. Purchase price stands at $285,900, and rental yield measures 8.76% with $2,087/mo rent. Return on cash invested shows 23.73% in year one, and 5% annual appreciation builds toward $78,989 over five years. Five-year ROI reaches 123.48% and total cumulative return in cash records $117,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,087/mo property income covering a $1,399/mo payment rather than investor’s personal income.
Single Family
Built in 1964
10,018 sqft 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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