41 4th StEchoMN56237
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Echo rentals match the income profile of 41 4th St, Echo, MN, 56237. Listed at $135,000, gross rent is $1,711/mo and net cash flow is $868/mo, a 15.21% yield well above national averages. DSCR 2.82 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $37,298 by year five with $1,243/yr in annual principal reduction, projecting $107,090 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.2% | 7.2% |
| Monthly Cash Flow | $868 | $350 |
City averages based on Echo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,711 |
| Total Monthly Debt Service | $789 |
| DSCR Ratio | 2.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56237, Echo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 241 (100%) |
| Owner Occupied HU | 184 (76.3%) |
| Renter Occupied HU | 33 (13.7%) |
| Vacant Housing Units | 24 ( 10.0%) |
| Median Home Value | $195,000 |
| Average Home Value | $228,465 |
Housing Distribution
Address Breakdown
Residential
181
Single Family
181
Multi-Family
0
Businesses
13
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
Single Family
Built in 1900
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56237, Echo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 241 (100%) |
| Owner Occupied HU | 184 (76.3%) |
| Renter Occupied HU | 33 (13.7%) |
| Vacant Housing Units | 24 ( 10.0%) |
| Median Home Value | $195,000 |
| Average Home Value | $228,465 |
Housing Distribution
Address Breakdown
Residential
181
Single Family
181
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paia Wiese • Minnesota Lands and Homes Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6780102
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