426 Erie AveCrosbyMN56441
INVESTMENT ANALYSIS
Investment Verdict
Solid Income426 Erie Ave, Crosby, MN, 56441 in Crosby is a solid income-producing rental, 8.67% gross yield, $1,480/mo rent, $200/mo net cash flow on a $204,900 buy. DSCR 1.61 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $56,610 and $1,887/yr in principal reduction project a total cumulative return of $90,696.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 7.0% |
| Monthly Cash Flow | $200 | $350 |
City averages based on Crosby market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,480 |
| Total Monthly Debt Service | $1,198 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1925
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56441, Crosby, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,354 (100%) |
| Owner Occupied HU | 1,169 (49.7%) |
| Renter Occupied HU | 570 (24.2%) |
| Vacant Housing Units | 615 (26.1%) |
| Median Home Value | $328,893 |
| Average Home Value | $364,363 |
Housing Distribution
Address Breakdown
Residential
1,705
Single Family
1,450
Multi-Family
255
Businesses
139
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
Single Family
Built in 1925
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56441, Crosby, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,354 (100%) |
| Owner Occupied HU | 1,169 (49.7%) |
| Renter Occupied HU | 570 (24.2%) |
| Vacant Housing Units | 615 (26.1%) |
| Median Home Value | $328,893 |
| Average Home Value | $364,363 |
Housing Distribution
Address Breakdown
Residential
1,705
Single Family
1,450
Multi-Family
255
Businesses
139
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices