422 Mill St ECannon FallsMN55009
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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 Cannon Falls at 422 Mill St E, Cannon Falls, MN, 55009 with 5% annual appreciation on a $300,000 basis while $2,150/mo rent supports operations. Total monthly income totals $2,150/mo and a $1,468/mo payment preserves $277/mo for cash returns. Annual cash flow comes to $3,324/yr on $99,450 deployed, and return on cash invested reaches 23.25% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,884 alongside rental yield of 8.6%. Five-year ROI measures 120.82% and total cumulative return in cash totals $120,156.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,150/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55009, Cannon Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 2,726 (74.7%) |
| Renter Occupied HU | 725 (19.9%) |
| Vacant Housing Units | 199 ( 5.5%) |
| Median Home Value | $379,935 |
| Average Home Value | $421,616 |
Housing Distribution
Address Breakdown
Residential
3,538
Single Family
3,176
Multi-Family
362
Businesses
279
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Listed by: Natalie Boehme • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6809504