42622 State Highway 109DelavanMN56023
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
Investment property for sale in Delavan at 42622 State Highway 109, Delavan, MN, 56023 offers a 11.13% rental yield on a $139,900 purchase with $1,298/mo rent. Total monthly income registers $1,298/mo, and a $685/mo payment leaves $424/mo available for distribution. Annual cash flow reaches $5,090/yr on $46,377 to close, and return on cash invested stands at 30.88% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 161.83% and total cumulative return in cash at $75,051. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,298/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56023, Delavan, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 253 (100%) |
| Owner Occupied HU | 199 (78.7%) |
| Renter Occupied HU | 19 ( 7.5%) |
| Vacant Housing Units | 35 (13.8%) |
| Median Home Value | $245,313 |
| Average Home Value | $301,470 |
Housing Distribution
Address Breakdown
Residential
163
Single Family
163
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices