424 S Driftwood StRoyaltonMN56373
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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 Royalton at 424 S Driftwood St, Royalton, MN, 56373 uses $89,174 cash to close to unlock $3,106/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $1,939/mo, and a $1,317/mo payment keeps the spread at $259/mo. Purchase price stands at $269,000, and rental yield measures 8.65% with $1,939/mo rent. Return on cash invested shows 23.39% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 121.6% and total cumulative return in cash records $108,431. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,939/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1976
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56373, Royalton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,280 (100%) |
| Owner Occupied HU | 1,005 (78.5%) |
| Renter Occupied HU | 194 (15.2%) |
| Vacant Housing Units | 81 ( 6.3%) |
| Median Home Value | $295,629 |
| Average Home Value | $342,724 |
Housing Distribution
Address Breakdown
Residential
1,186
Single Family
1,122
Multi-Family
64
Businesses
47
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