402 2nd St SECrosbyMN56441
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 2.86% gross rental yield, 402 2nd St SE, Crosby, MN, 56441 in Crosby is priced for capital growth, not immediate cash flow. The $1,600,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $442,051 by year five, with $14,736/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.53) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $206,858.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.9% | 7.0% |
| Monthly Cash Flow | $(6,221) | $350 |
City averages based on Crosby market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,811 |
| Total Monthly Debt Service | $9,396 |
| DSCR Ratio | 0.41x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1992
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56441, Crosby, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,354 (100%) |
| Owner Occupied HU | 1,169 (49.7%) |
| Renter Occupied HU | 570 (24.2%) |
| Vacant Housing Units | 615 (26.1%) |
| Median Home Value | $328,893 |
| Average Home Value | $364,363 |
Housing Distribution
Address Breakdown
Residential
1,705
Single Family
1,450
Multi-Family
255
Businesses
139
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
Single Family
Built in 1992
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56441, Crosby, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,354 (100%) |
| Owner Occupied HU | 1,169 (49.7%) |
| Renter Occupied HU | 570 (24.2%) |
| Vacant Housing Units | 615 (26.1%) |
| Median Home Value | $328,893 |
| Average Home Value | $364,363 |
Housing Distribution
Address Breakdown
Residential
1,705
Single Family
1,450
Multi-Family
255
Businesses
139
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carrie Lee • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6767826
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