401 Joe Horachek St EGoodridgeMN56725
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
Investment property for sale in Goodridge at 401 Joe Horachek St E, Goodridge, MN, 56725 at $187,000 posts ROI 24.93% with $260/mo cash flow from $1,427/mo rent. Total monthly income equals $1,427/mo, and annual cash flow records $3,115/yr on $61,991 to close. Return on cash invested measures 24.93% and rental yield reads 9.16% at the current $187,000. Equity gained on principal adds $1,207/yr, and 5% annual appreciation supports $51,665 by year five. Five-year ROI prints 129.9% and total cumulative return in cash totals $80,526.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,427/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2010
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56725, Goodridge, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 504 (100%) |
| Owner Occupied HU | 377 (74.8%) |
| Renter Occupied HU | 40 ( 7.9%) |
| Vacant Housing Units | 87 (17.3%) |
| Median Home Value | $282,500 |
| Average Home Value | $332,812 |
Housing Distribution
Address Breakdown
Residential
348
Single Family
348
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices