410 3rd Ave NEClara CityMN56222
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Clara City rentals match the income profile of 410 3rd Ave NE, Clara City, MN, 56222. Listed at $208,000, gross rent is $1,998/mo and net cash flow is $699/mo, a 11.53% yield well above national averages. DSCR 2.03 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $57,467 by year five with $1,744/yr in annual principal reduction, projecting $120,041 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 8.0% |
| Monthly Cash Flow | $699 | $850 |
City averages based on Clara City market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,998 |
| Total Monthly Debt Service | $1,267 |
| DSCR Ratio | 1.58x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1951
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56222, Clara City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 840 (100%) |
| Owner Occupied HU | 570 (67.9%) |
| Renter Occupied HU | 172 (20.5%) |
| Vacant Housing Units | 98 (11.7%) |
| Median Home Value | $204,091 |
| Average Home Value | $227,978 |
Housing Distribution
Address Breakdown
Residential
417
Single Family
331
Multi-Family
86
Businesses
64
Nearby investment properties with comparable rents
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Dowdey • Weichert REALTORS Tower Properties
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #7104707
