409 N Prairie StSherburnMN56171
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 Sherburn at 409 N Prairie St, Sherburn, MN, 56171 offers $1,423/mo rent that, after a $881/mo payment, leaves $299/mo cash flow. Total monthly income is $1,423/mo, and annual cash flow is $3,590/yr on $59,637 cash. Return on cash invested measures 25.93% in year one, and rental yield stands at 9.49% at a $179,900 entry. Equity gained on principal adds $1,161/yr while 5% annual appreciation compounds into $49,703 by year five. Five-year ROI records 135.27% and total cumulative return in cash reaches $80,673. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,423/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56171, Sherburn, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 830 (100%) |
| Owner Occupied HU | 564 (68.0%) |
| Renter Occupied HU | 153 (18.4%) |
| Vacant Housing Units | 113 (13.6%) |
| Median Home Value | $244,792 |
| Average Home Value | $309,916 |
Housing Distribution
Address Breakdown
Residential
631
Single Family
548
Multi-Family
83
Businesses
53
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