406 3rd Ave NWBuffaloMN55313
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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 Buffalo at 406 3rd Ave NW, Buffalo, MN, 55313 uses $86,157 cash to close to unlock $6,278/yr annual cash flow and $523/mo monthly cash flow. Total monthly income runs $2,146/mo, and a $1,272/mo payment keeps the spread at $523/mo. Purchase price stands at $259,900, and rental yield measures 9.91% with $2,146/mo rent. Return on cash invested shows 27.2% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 142.04% and total cumulative return in cash records $122,374. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,146/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 1890
8,494 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55313, Buffalo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,657 (100%) |
| Owner Occupied HU | 7,500 (77.7%) |
| Renter Occupied HU | 1,872 (19.4%) |
| Vacant Housing Units | 285 ( 3.0%) |
| Median Home Value | $403,736 |
| Average Home Value | $475,783 |
Housing Distribution
Address Breakdown
Residential
9,654
Single Family
8,375
Multi-Family
1,279
Businesses
738
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