412 Church Ave NNew PragueMN56071
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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 New Prague at 412 Church Ave N, New Prague, MN, 56071 generates $1,327/mo in rent and, after a $812/mo payment, leaves $291/mo in cash flow. Total monthly income is $1,327/mo, and annual cash flow is $3,491/yr on $55,029 invested. Return on cash invested sits at 26.25% in year one, and rental yield is 9.59% on a $166,000 entry. Equity gained on principal adds $1,071/yr, while 5% annual appreciation builds toward $45,863 over five years. Five-year ROI reaches 136.93% and total cumulative return in cash sums $75,349. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,327/mo property income rather than buyer’s personal income.
Townhouse
Built in 1960
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56071, New Prague, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,103 (100%) |
| Owner Occupied HU | 4,059 (79.5%) |
| Renter Occupied HU | 835 (16.4%) |
| Vacant Housing Units | 209 ( 4.1%) |
| Median Home Value | $425,546 |
| Average Home Value | $466,784 |
Housing Distribution
Address Breakdown
Residential
5,037
Single Family
4,633
Multi-Family
404
Businesses
337
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Listed by: Jackie L. Lee • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7004729