421 Division St S #5NorthfieldMN55057
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
Investment property for sale in Northfield at 421 Division St S #5, Northfield, MN, 55057 earns from $1,843/mo rent with a $1,953/mo payment. Total monthly income totals $1,843/mo. ROI tracks 14.02% on current figures, and rental yield reads 5.54% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 71.37% and total cumulative return in cash sums $94,406. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,843/mo property income instead of your personal income.
Condo
Built in 1872
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55057, Northfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,293 (100%) |
| Owner Occupied HU | 6,437 (69.3%) |
| Renter Occupied HU | 2,481 (26.7%) |
| Vacant Housing Units | 375 ( 4.0%) |
| Median Home Value | $417,495 |
| Average Home Value | $445,045 |
Housing Distribution
Address Breakdown
Residential
9,069
Single Family
7,083
Multi-Family
1,986
Businesses
694
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eric J. Frank • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6754059