421 8th AveMadisonMN56256
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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 Madison at 421 8th Ave, Madison, MN, 56256 offers a 8.53% rental yield on a $259,000 purchase with $1,840/mo rent. Total monthly income registers $1,840/mo, and a $1,268/mo payment leaves $222/mo available for distribution. Annual cash flow reaches $2,668/yr on $85,859 to close, and return on cash invested stands at 23.02% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 119.6% and total cumulative return in cash at $102,688. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,840/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1903
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56256, Madison, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,367 (100%) |
| Owner Occupied HU | 920 (67.3%) |
| Renter Occupied HU | 247 (18.1%) |
| Vacant Housing Units | 200 (14.6%) |
| Median Home Value | $162,264 |
| Average Home Value | $223,136 |
Housing Distribution
Address Breakdown
Residential
1,187
Single Family
1,082
Multi-Family
105
Businesses
136
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