406 E Ciro StTrumanMN56088
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Truman at 406 E Ciro St, Truman, MN, 56088 offers $1,052/mo rent that, after a $680/mo payment, leaves $184/mo cash flow. Total monthly income is $1,052/mo, and annual cash flow is $2,212/yr on $46,079 cash. Return on cash invested measures 24.71% in year one, and rental yield stands at 9.08% at a $139,000 entry. Equity gained on principal adds $897/yr while 5% annual appreciation compounds into $38,403 by year five. Five-year ROI records 128.72% and total cumulative return in cash reaches $59,312. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,052/mo property income versus a $680/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56088, Truman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 828 (100%) |
| Owner Occupied HU | 554 (66.9%) |
| Renter Occupied HU | 155 (18.7%) |
| Vacant Housing Units | 119 (14.4%) |
| Median Home Value | $152,041 |
| Average Home Value | $232,283 |
Housing Distribution
Address Breakdown
Residential
776
Single Family
721
Multi-Family
55
Businesses
53
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