454 Main StEvansvilleMN56326
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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 Evansville at 454 Main St, Evansville, MN, 56326 with 5% annual appreciation on a $289,900 basis while $804/mo rent supports operations. 34% in year one. Equity gained on principal adds $1,871/yr, and five-year appreciation sums $80,094 alongside rental yield of 3.33%. Five-year ROI measures 35.53% and total cumulative return in cash totals $34,149. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $804/mo property income versus a $1,419/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56326, Evansville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 848 (100%) |
| Owner Occupied HU | 551 (65.0%) |
| Renter Occupied HU | 117 (13.8%) |
| Vacant Housing Units | 180 (21.2%) |
| Median Home Value | $343,506 |
| Average Home Value | $375,141 |
Housing Distribution
Address Breakdown
Residential
469
Single Family
453
Multi-Family
16
Businesses
45
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Listed by: Daniel Ness • Century 21 Atwood
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6820748