413 N 1st Ave WTrumanMN56088
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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
Investment property for sale in Truman at 413 N 1st Ave W, Truman, MN, 56088 listed at $220,000 pairs $2,190/mo rent with a $1,077/mo payment to leave $816/mo cash flow. Total monthly income runs $2,190/mo, and annual cash flow reaches $9,792/yr on $72,930 cash to close. Return on cash invested measures 33.34% in year one, and rental yield registers 11.95% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 174.91% and total cumulative return in cash totals $127,559. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,190/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
10,759 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56088, Truman, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 828 (100%) |
| Owner Occupied HU | 554 (66.9%) |
| Renter Occupied HU | 155 (18.7%) |
| Vacant Housing Units | 119 (14.4%) |
| Median Home Value | $152,041 |
| Average Home Value | $232,283 |
Housing Distribution
Address Breakdown
Residential
776
Single Family
721
Multi-Family
55
Businesses
53
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