427 Prospect StPetersonMN55962
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
Rental property for sale in Peterson at 427 Prospect St, Peterson, MN, 55962 offers $4,693/mo rent that, after a $1,451/mo payment, leaves $2,767/mo cash flow. Total monthly income is $4,693/mo, and annual cash flow is $33,202/yr on $98,290 cash. Return on cash invested measures 53.69% in year one, and rental yield stands at 18.99% at a $296,500 entry. Equity gained on principal adds $1,913/yr while 5% annual appreciation compounds into $81,917 by year five. Five-year ROI records 284.37% and total cumulative return in cash reaches $279,509. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,693/mo property income versus a $1,451/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55962, Peterson, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 362 (100%) |
| Owner Occupied HU | 281 (77.6%) |
| Renter Occupied HU | 28 ( 7.7%) |
| Vacant Housing Units | 53 (14.6%) |
| Median Home Value | $375,000 |
| Average Home Value | $447,109 |
Housing Distribution
Address Breakdown
Residential
306
Single Family
306
Multi-Family
0
Businesses
14
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