415 2nd St NWNew RichlandMN56072
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 New Richland at 415 2nd St NW, New Richland, MN, 56072 earns $844/mo cash flow from $2,279/mo rent with a $1,125/mo payment. Total monthly income totals $2,279/mo, and annual cash flow totals $10,124/yr on $76,212 capital. ROI tracks 33.19% on current figures, and rental yield reads 11.9% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 174.16% and total cumulative return in cash sums $132,731. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,279/mo property income instead of your personal income.
Single Family
Built in 1975
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56072, New Richland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,015 (100%) |
| Owner Occupied HU | 780 (76.8%) |
| Renter Occupied HU | 138 (13.6%) |
| Vacant Housing Units | 97 ( 9.6%) |
| Median Home Value | $207,292 |
| Average Home Value | $282,580 |
Housing Distribution
Address Breakdown
Residential
855
Single Family
834
Multi-Family
21
Businesses
59
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Norena Brekke • Leland Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6818082