406 8th Pl NWAustinMN55912
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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 Austin at 406 8th Pl NW, Austin, MN, 55912 uses $119,307 cash to close to unlock $9,002/yr annual cash flow and $750/mo monthly cash flow. Total monthly income runs $2,998/mo, and a $1,762/mo payment keeps the spread at $750/mo. Purchase price stands at $359,900, and rental yield measures 10% with $2,998/mo rent. Return on cash invested shows 27.45% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 143.41% and total cumulative return in cash records $171,098. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,998/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1922
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55912, Austin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,710 (100%) |
| Owner Occupied HU | 8,151 (64.1%) |
| Renter Occupied HU | 3,642 (28.7%) |
| Vacant Housing Units | 917 ( 7.2%) |
| Median Home Value | $198,527 |
| Average Home Value | $258,502 |
Housing Distribution
Address Breakdown
Residential
12,261
Single Family
10,599
Multi-Family
1,662
Businesses
835
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