411 Vernon AveMorganMN56266
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
Investment property for sale in Morgan at 411 Vernon Ave, Morgan, MN, 56266 with 5% annual appreciation on a $269,000 basis while $740/mo rent supports operations. 26% in year one. Equity gained on principal adds $1,736/yr, and five-year appreciation sums $74,320 alongside rental yield of 3.3%. Five-year ROI measures 35.07% and total cumulative return in cash totals $31,271. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $740/mo property income versus a $1,317/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
8,189 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56266, Morgan, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 720 (100%) |
| Owner Occupied HU | 558 (77.5%) |
| Renter Occupied HU | 87 (12.1%) |
| Vacant Housing Units | 75 (10.4%) |
| Median Home Value | $176,429 |
| Average Home Value | $228,732 |
Housing Distribution
Address Breakdown
Residential
454
Single Family
445
Multi-Family
9
Businesses
54
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices