403 11th StFarmingtonMN55024
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 Farmington at 403 11th St, Farmington, MN, 55024 uses $120,998 cash to close to unlock $4,013/yr annual cash flow and $334/mo monthly cash flow. Total monthly income runs $2,662/mo, and a $1,786/mo payment keeps the spread at $334/mo. Purchase price stands at $365,000, and rental yield measures 8.75% with $2,662/mo rent. Return on cash invested shows 23.23% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 120.89% and total cumulative return in cash records $146,275. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,662/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1996
6,098 sqft lot
$N/A/sqft
$586 annually HOA
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Nearby investment properties with comparable prices
Listed by: Joshua Kirchert • LPT Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6694527
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