421 Ford St ENorthfieldMN55057
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
Rental property for sale in Northfield at 421 Ford St E, Northfield, MN, 55057 priced at $459,900 converts $2,042/mo rent into after a $2,251/mo obligation. Total monthly income equals $2,042/mo. Return on cash invested prints 13.38% in year one, and rental yield reads 5.33% against a $459,900 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation compiles into $127,062 by year five. Five-year ROI reaches 67.9% and total cumulative return in cash sums $103,518. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,042/mo property income covering a $2,251/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
2,613 sqft 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: David H Berglund • Summit Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6784427