404 14th StFarmingtonMN55024
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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 Farmington at 404 14th St, Farmington, MN, 55024 generates $2,485/mo in rent and, after a $1,762/mo payment, leaves $161/mo in cash flow. Total monthly income is $2,485/mo, and annual cash flow is $1,928/yr on $119,307 invested. Return on cash invested sits at 21.53% in year one, and rental yield is 8.29% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 111.87% and total cumulative return in cash sums $133,466. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,485/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
6,969 sqft lot
$N/A/sqft
$500 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Renae Browley • eXp Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6606514
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