409 Main Ave NJasperMN56144
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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 Jasper at 409 Main Ave N, Jasper, MN, 56144 uses $76,212 cash to close to unlock $6,092/yr annual cash flow and $508/mo monthly cash flow. Total monthly income runs $1,943/mo, and a $1,125/mo payment keeps the spread at $508/mo. Purchase price stands at $229,900, and rental yield measures 10.14% with $1,943/mo rent. Return on cash invested shows 27.9% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 145.79% and total cumulative return in cash records $111,107. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,943/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56144, Jasper, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 563 (100%) |
| Owner Occupied HU | 422 (75.0%) |
| Renter Occupied HU | 78 (13.9%) |
| Vacant Housing Units | 63 (11.2%) |
| Median Home Value | $207,547 |
| Average Home Value | $263,744 |
Housing Distribution
Address Breakdown
Residential
514
Single Family
498
Multi-Family
16
Businesses
28
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