416 W Myrtle StSaint PeterMN56082
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 Saint Peter at 416 W Myrtle St, Saint Peter, MN, 56082 priced at $211,900 converts $1,978/mo rent into $639/mo cash flow after a $1,037/mo obligation. Total monthly income equals $1,978/mo, and annual cash flow totals $7,664/yr on $70,245 invested. Return on cash invested prints 30.82% in year one, and rental yield reads 11.2% against a $211,900 entry. Equity gained on principal adds $1,367/yr, while 5% annual appreciation compiles into $58,544 by year five. Five-year ROI reaches 161.54% and total cumulative return in cash sums $113,472. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,978/mo property income covering a $1,037/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,851 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56082, Saint Peter, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,955 (100%) |
| Owner Occupied HU | 3,133 (63.2%) |
| Renter Occupied HU | 1,515 (30.6%) |
| Vacant Housing Units | 307 ( 6.2%) |
| Median Home Value | $318,662 |
| Average Home Value | $349,807 |
Housing Distribution
Address Breakdown
Residential
5,034
Single Family
4,015
Multi-Family
1,019
Businesses
388
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Rodning • True Real Estate
Mls Name: RASM
Mls Provider:
Mls ID: #7037552
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-05-27 10:25:36 PDT