421 1st St SWNew RichlandMN56072
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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
Rental property for sale in New Richland at 421 1st St SW, New Richland, MN, 56072 generates $120/mo in rent, after a $783/mo payment. Total monthly income is $120/mo. Return on cash invested sits at 0.02% in year one, and rental yield is 0.9% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $120/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56072, New Richland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,015 (100%) |
| Owner Occupied HU | 780 (76.8%) |
| Renter Occupied HU | 138 (13.6%) |
| Vacant Housing Units | 97 ( 9.6%) |
| Median Home Value | $207,292 |
| Average Home Value | $282,580 |
Housing Distribution
Address Breakdown
Residential
855
Single Family
834
Multi-Family
21
Businesses
59
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Listed by: Kim G. Berg • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6759568