408 Harriet StSpicerMN56288
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 Spicer at 408 Harriet St, Spicer, MN, 56288 offers $3,254/mo rent that, after a $1,757/mo payment, leaves $1,012/mo cash flow. Total monthly income is $3,254/mo, and annual cash flow is $12,148/yr on $119,009 cash. Return on cash invested measures 30.12% in year one, and rental yield stands at 10.88% at a $359,000 entry. Equity gained on principal adds $2,317/yr while 5% annual appreciation compounds into $99,185 by year five. Five-year ROI records 157.68% and total cumulative return in cash reaches $187,651. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,254/mo property income versus a $1,757/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56288, Spicer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,839 (100%) |
| Owner Occupied HU | 1,640 (57.8%) |
| Renter Occupied HU | 315 (11.1%) |
| Vacant Housing Units | 884 (31.1%) |
| Median Home Value | $443,939 |
| Average Home Value | $537,343 |
Housing Distribution
Address Breakdown
Residential
2,193
Single Family
2,086
Multi-Family
107
Businesses
140
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices