420 N 2nd StMontevideoMN56265
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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 Montevideo at 420 N 2nd St, Montevideo, MN, 56265 uses $52,344 cash to close to unlock $1,774/yr annual cash flow and $148/mo monthly cash flow. Total monthly income runs $1,134/mo, and a $773/mo payment keeps the spread at $148/mo. Purchase price stands at $157,900, and rental yield measures 8.62% with $1,134/mo rent. Return on cash invested shows 23.3% in year one, and 5% annual appreciation builds toward $43,625 over five years. Five-year ROI reaches 121.1% and total cumulative return in cash records $63,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,134/mo property income covering a $773/mo payment rather than investor’s personal income.
Single Family
Built in 1973
4,660 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56265, Montevideo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,389 (100%) |
| Owner Occupied HU | 2,150 (63.4%) |
| Renter Occupied HU | 914 (27.0%) |
| Vacant Housing Units | 325 ( 9.6%) |
| Median Home Value | $177,064 |
| Average Home Value | $230,790 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
2,995
Multi-Family
415
Businesses
346
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Listed by: Elizabeth Reynolds • Ruby Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7002639