416 Main St NGrand MeadowMN55936
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
Rental property for sale in Grand Meadow at 416 Main St N, Grand Meadow, MN, 55936 priced at $133,000 pairs $1,690/mo rent with $859/mo cash flow after a $651/mo payment. Total monthly income equals $1,690/mo, and annual cash flow comes to $10,313/yr on $44,090 invested. Return on cash invested is 43.3% in year one, and rental yield stands at 15.25% on a $133,000 basis. Equity gained on principal adds $858/yr, and 5% annual appreciation accumulates to $36,745 by year five. Five-year ROI measures 228.4% and total cumulative return in cash reaches $100,701. For financing, Ziffy Mortgage’s DSCR program evaluates $1,690/mo property income against a $651/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1870
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55936, Grand Meadow, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 758 (100%) |
| Owner Occupied HU | 573 (75.6%) |
| Renter Occupied HU | 131 (17.3%) |
| Vacant Housing Units | 54 ( 7.1%) |
| Median Home Value | $324,206 |
| Average Home Value | $399,337 |
Housing Distribution
Address Breakdown
Residential
554
Single Family
520
Multi-Family
34
Businesses
58
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Nearby investment properties with comparable prices
Listed by: Richard Rieken • South East Minnesota Realty, Inc
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6584417
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