460 S 8th StBird IslandMN55310
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 460 S 8th St, Bird Island, MN, 55310 in Bird Island. Rental yield 5.23%. At $179,000 with 5.23% gross yield, current distributions are modest, but the 5% appreciation rate projects $49,454 in new equity by year five, complemented by $1,649/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.97) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $46,215.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 6.5% |
| Monthly Cash Flow | $(338) | $650 |
City averages based on Bird Island market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $780 |
| Total Monthly Debt Service | $1,047 |
| DSCR Ratio | 0.75x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1935
10,454 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
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 1935
10,454 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amber Barber • 320 Real Estate Co
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6757127
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