406 8th Ave SWPipestoneMN56164
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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 Pipestone at 406 8th Ave SW, Pipestone, MN, 56164 generates $2,071/mo in rent, after a $1,835/mo payment. Total monthly income is $2,071/mo. Return on cash invested sits at 17.3% in year one, and rental yield is 6.63% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 88.93% and total cumulative return in cash sums $110,547. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,071/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56164, Pipestone, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,625 (100%) |
| Owner Occupied HU | 1,696 (64.6%) |
| Renter Occupied HU | 645 (24.6%) |
| Vacant Housing Units | 284 (10.8%) |
| Median Home Value | $181,818 |
| Average Home Value | $210,498 |
Housing Distribution
Address Breakdown
Residential
2,591
Single Family
2,326
Multi-Family
265
Businesses
295
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