402 2nd Ave NEBrainerdMN56401
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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
Total monthly income runs $1,290/mo, and a $1,174/mo payment. Purchase price stands at $239,900, and rental yield measures 6.45% with $1,290/mo rent. Return on cash invested shows 16.77% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 86.14% and total cumulative return in cash records $68,503. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,290/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Multi Family
Built in 1894
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56401, Brainerd, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,322 (100%) |
| Owner Occupied HU | 9,656 (59.2%) |
| Renter Occupied HU | 3,772 (23.1%) |
| Vacant Housing Units | 2,894 (17.7%) |
| Median Home Value | $360,289 |
| Average Home Value | $419,575 |
Housing Distribution
Address Breakdown
Residential
14,110
Single Family
13,067
Multi-Family
1,043
Businesses
1,192
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