406 Memorial DrFisherMN56723
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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 Fisher at 406 Memorial Dr, Fisher, MN, 56723 generates $900/mo in rent, after a $1,441/mo payment. Total monthly income is $900/mo. Return on cash invested sits at 8.37% in year one, and rental yield is 3.67% on a $294,500 entry. Equity gained on principal adds $1,900/yr, while 5% annual appreciation builds toward $81,365 over five years. Five-year ROI reaches 41.07% and total cumulative return in cash sums $40,093. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $900/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56723, Fisher, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 385 (100%) |
| Owner Occupied HU | 291 (75.6%) |
| Renter Occupied HU | 61 (15.8%) |
| Vacant Housing Units | 33 ( 8.6%) |
| Median Home Value | $278,636 |
| Average Home Value | $300,790 |
Housing Distribution
Address Breakdown
Residential
302
Single Family
287
Multi-Family
15
Businesses
15
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