411 E Broadway StRedwood FallsMN56283
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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
Rental property for sale in Redwood Falls at 411 E Broadway St, Redwood Falls, MN, 56283 offers $1,542/mo rent that, after a $1,591/mo payment. Total monthly income is $1,542/mo. Return on cash invested measures 14.48% in year one, and rental yield stands at 5.69% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 73.81% and total cumulative return in cash reaches $79,525. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,542/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1971
7,797 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56283, Redwood Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 1,951 (64.2%) |
| Renter Occupied HU | 783 (25.7%) |
| Vacant Housing Units | 307 (10.1%) |
| Median Home Value | $215,722 |
| Average Home Value | $280,286 |
Housing Distribution
Address Breakdown
Residential
2,963
Single Family
2,551
Multi-Family
412
Businesses
317
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Listed by: Valerie Jean Stephens • Kerkhoff Auction & Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6826700