404 Melby AveAshbyMN56309
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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 Ashby at 404 Melby Ave, Ashby, MN, 56309 priced at $399,000 pairs $0/mo rent with after a $1,953/mo payment. Total monthly income equals $0/mo. Return on cash invested is -2.7% in year one, and rental yield stands at 0% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56309, Ashby, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 743 (100%) |
| Owner Occupied HU | 408 (54.9%) |
| Renter Occupied HU | 86 (11.6%) |
| Vacant Housing Units | 249 (33.5%) |
| Median Home Value | $364,935 |
| Average Home Value | $441,409 |
Housing Distribution
Address Breakdown
Residential
374
Single Family
374
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices