405 E Main StCaledoniaMN55921
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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
Investment property for sale in Caledonia at 405 E Main St, Caledonia, MN, 55921 uses $74,588 cash to close to unlock $3,459/yr annual cash flow and $288/mo monthly cash flow. Total monthly income runs $1,693/mo, and a $1,101/mo payment keeps the spread at $288/mo. Purchase price stands at $225,000, and rental yield measures 9.03% with $1,693/mo rent. Return on cash invested shows 24.55% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 127.83% and total cumulative return in cash records $95,349. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,693/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1897
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55921, Caledonia, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,173 (100%) |
| Owner Occupied HU | 1,568 (72.2%) |
| Renter Occupied HU | 418 (19.2%) |
| Vacant Housing Units | 187 ( 8.6%) |
| Median Home Value | $221,538 |
| Average Home Value | $281,610 |
Housing Distribution
Address Breakdown
Residential
2,006
Single Family
1,881
Multi-Family
125
Businesses
177
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Listed by: Jason Boyd • Cedar Valley Iowa Realty-Charles City
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20243865
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