418 Franklin StRed WingMN55066
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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 Red Wing at 418 Franklin St, Red Wing, MN, 55066 offers $2,066/mo rent that, after a $1,243/mo payment, leaves $480/mo cash flow. Total monthly income is $2,066/mo, and annual cash flow is $5,761/yr on $84,201 cash. Return on cash invested measures 26.75% in year one, and rental yield stands at 9.76% at a $254,000 entry. Equity gained on principal adds $1,639/yr while 5% annual appreciation compounds into $70,176 by year five. Five-year ROI records 139.66% and total cumulative return in cash reaches $117,594. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,066/mo property income versus a $1,243/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1865
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55066, Red Wing, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,639 (100%) |
| Owner Occupied HU | 5,722 (66.2%) |
| Renter Occupied HU | 2,426 (28.1%) |
| Vacant Housing Units | 491 ( 5.7%) |
| Median Home Value | $299,791 |
| Average Home Value | $345,687 |
Housing Distribution
Address Breakdown
Residential
8,540
Single Family
6,971
Multi-Family
1,569
Businesses
699
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Nearby investment properties with comparable prices
Listed by: Lori L. Simonson • Exit Realty Rivertown
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6391347
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