434 4th St S APT 1Long PrairieMN56347
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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 Long Prairie at 434 4th St S APT 1, Long Prairie, MN, 56347 offers a 9.5% rental yield on a $224,000 purchase with $1,774/mo rent. Total monthly income registers $1,774/mo, and a $1,096/mo payment leaves $376/mo available for distribution. Annual cash flow reaches $4,507/yr on $74,256 to close, and return on cash invested stands at 25.98% in year one. Equity gained on principal adds $1,445/yr while 5% annual appreciation supports $61,887 over five years. Portfolio math shows five-year ROI at 135.48% and total cumulative return in cash at $100,603. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,774/mo property income against a $1,096/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2005
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56347, Long Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,042 (100%) |
| Owner Occupied HU | 1,965 (64.6%) |
| Renter Occupied HU | 718 (23.6%) |
| Vacant Housing Units | 359 (11.8%) |
| Median Home Value | $233,362 |
| Average Home Value | $269,607 |
Housing Distribution
Address Breakdown
Residential
2,848
Single Family
2,523
Multi-Family
325
Businesses
240
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Listed by: Melissa Terwey • East-West Realty of Long Prairie, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6821876