425 W Franklin StMorristownMN55052
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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 Morristown at 425 W Franklin St, Morristown, MN, 55052 listed at $424,900 pairs $3,140/mo rent with a $2,080/mo payment to leave $486/mo cash flow. Total monthly income runs $3,140/mo, and annual cash flow reaches $5,837/yr on $140,854 cash to close. Return on cash invested measures 24.05% in year one, and rental yield registers 8.87% at a $424,900 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,392 by year five. Five-year ROI tracks 125.15% and total cumulative return in cash totals $176,277. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,140/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55052, Morristown, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 900 (100%) |
| Owner Occupied HU | 696 (77.3%) |
| Renter Occupied HU | 116 (12.9%) |
| Vacant Housing Units | 88 ( 9.8%) |
| Median Home Value | $411,688 |
| Average Home Value | $410,830 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
695
Multi-Family
14
Businesses
39
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Listed by: Frank Hough • Minnesota First Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6811885