460 S 3rd StBird IslandMN55310
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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
Rental property for sale in Bird Island at 460 S 3rd St, Bird Island, MN, 55310 generates $1,261/mo in rent and, after a $680/mo payment, leaves $393/mo in cash flow. Total monthly income is $1,261/mo, and annual cash flow is $4,720/yr on $46,079 invested. Return on cash invested sits at 30.15% in year one, and rental yield is 10.89% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 157.91% and total cumulative return in cash sums $72,764. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,261/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55310, Bird Island, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 709 (100%) |
| Owner Occupied HU | 540 (76.2%) |
| Renter Occupied HU | 95 (13.4%) |
| Vacant Housing Units | 74 (10.4%) |
| Median Home Value | $216,667 |
| Average Home Value | $254,940 |
Housing Distribution
Address Breakdown
Residential
414
Single Family
396
Multi-Family
18
Businesses
62
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Listed by: Paia Wiese • Minnesota Lands and Homes Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6749849