415 9th St NCannon FallsMN55009
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 Cannon Falls at 415 9th St N, Cannon Falls, MN, 55009 uses $97,793 cash to close to unlock $57/yr annual cash flow and $5/mo monthly cash flow. Total monthly income runs $1,847/mo, and a $1,444/mo payment keeps the spread at $5/mo. Purchase price stands at $295,000, and rental yield measures 7.51% with $1,847/mo rent. Return on cash invested shows 19.97% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 103.24% and total cumulative return in cash records $100,958. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,847/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55009, Cannon Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 2,726 (74.7%) |
| Renter Occupied HU | 725 (19.9%) |
| Vacant Housing Units | 199 ( 5.5%) |
| Median Home Value | $379,935 |
| Average Home Value | $421,616 |
Housing Distribution
Address Breakdown
Residential
3,538
Single Family
3,176
Multi-Family
362
Businesses
279
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Lundell • Cannon Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7001519