448 1st St NERichmondMN56368
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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 Richmond at 448 1st St NE, Richmond, MN, 56368 listed at $275,000 pairs $1,785/mo rent with a $1,346/mo payment to leave $68/mo cash flow. Total monthly income runs $1,785/mo, and annual cash flow reaches $813/yr on $91,163 cash to close. Return on cash invested measures 20.8% in year one, and rental yield registers 7.79% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 107.69% and total cumulative return in cash totals $98,171. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,785/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56368, Richmond, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,441 (100%) |
| Owner Occupied HU | 1,601 (65.6%) |
| Renter Occupied HU | 169 ( 6.9%) |
| Vacant Housing Units | 671 (27.5%) |
| Median Home Value | $378,660 |
| Average Home Value | $441,073 |
Housing Distribution
Address Breakdown
Residential
1,624
Single Family
1,604
Multi-Family
20
Businesses
107
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