401 Lorrain StMilroyMN56263
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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 Milroy at 401 Lorrain St, Milroy, MN, 56263 listed at $172,500 pairs $1,338/mo rent with a $844/mo payment to leave $261/mo cash flow. Total monthly income runs $1,338/mo, and annual cash flow reaches $3,133/yr on $57,184 cash to close. Return on cash invested measures 25.39% in year one, and rental yield registers 9.31% at a $172,500 basis. Equity gained on principal adds $1,113/yr, and annual property appreciation at 5% supports $47,659 by year five. Five-year ROI tracks 132.36% and total cumulative return in cash totals $75,686. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,338/mo property income relative to a $844/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56263, Milroy, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 256 (100%) |
| Owner Occupied HU | 182 (71.1%) |
| Renter Occupied HU | 46 (18.0%) |
| Vacant Housing Units | 28 (10.9%) |
| Median Home Value | $267,647 |
| Average Home Value | $309,766 |
Housing Distribution
Address Breakdown
Residential
113
Single Family
113
Multi-Family
0
Businesses
12
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