402 E Flynn StRedwood 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 402 E Flynn St, Redwood Falls, MN, 56283 uses $56,322 cash to close to unlock $3,572/yr annual cash flow and $298/mo monthly cash flow. Total monthly income runs $1,359/mo, and a $832/mo payment keeps the spread at $298/mo. Purchase price stands at $169,900, and rental yield measures 9.6% with $1,359/mo rent. Return on cash invested shows 26.25% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 136.96% and total cumulative return in cash records $77,138. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,359/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1917
7,187 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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Listed by: Corbin Froelich • Central MN Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7007465