403 Miller StSpicerMN56288
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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
Rental property for sale in Spicer at 403 Miller St, Spicer, MN, 56288 priced at $270,000 converts $1,930/mo rent into $244/mo cash flow after a $1,322/mo obligation. Total monthly income equals $1,930/mo, and annual cash flow totals $2,922/yr on $89,505 invested. Return on cash invested prints 23.17% in year one, and rental yield reads 8.58% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 120.45% and total cumulative return in cash sums $107,809. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,930/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56288, Spicer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,839 (100%) |
| Owner Occupied HU | 1,640 (57.8%) |
| Renter Occupied HU | 315 (11.1%) |
| Vacant Housing Units | 884 (31.1%) |
| Median Home Value | $443,939 |
| Average Home Value | $537,343 |
Housing Distribution
Address Breakdown
Residential
2,193
Single Family
2,086
Multi-Family
107
Businesses
140
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