408 2nd St NEPipestoneMN56164
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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 Pipestone at 408 2nd St NE, Pipestone, MN, 56164 offers a 0% rental yield on a $154,900 purchase with $0/mo rent. 69% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,796 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $758/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1936
5,662 sqft 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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