427 Prospect StPetersonMN55962
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 427 Prospect St, Peterson, MN, 55962 in Peterson deserves attention. This $296,500 property earns $4,693/mo in rent, a 18.99% gross yield, and nets $2,767/mo after the $1,333/mo payment. DSCR 3.52 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $81,917 compounds alongside $2,731/yr in yearly equity build, for a total cumulative return of $290,863.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19% | 5.5% |
| Monthly Cash Flow | $2,767 | $350 |
City averages based on Peterson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,693 |
| Total Monthly Debt Service | $1,808 |
| DSCR Ratio | 2.60x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices