404 3rd Way SEDoverMN55929
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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 Dover at 404 3rd Way SE, Dover, MN, 55929 generates $2,252/mo in rent and, after a $1,566/mo payment, leaves $254/mo in cash flow. Total monthly income is $2,252/mo, and annual cash flow is $3,048/yr on $106,080 invested. Return on cash invested sits at 22.78% in year one, and rental yield is 8.45% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 118.31% and total cumulative return in cash sums $125,499. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,252/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55929, Dover, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 493 (100%) |
| Owner Occupied HU | 427 (86.6%) |
| Renter Occupied HU | 46 ( 9.3%) |
| Vacant Housing Units | 20 ( 4.1%) |
| Median Home Value | $491,667 |
| Average Home Value | $559,649 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
17
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Listed by: Shawn Beier • Real Broker, LLC.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6737460
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