48615 220th StMorrisMN56267
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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 Morris at 48615 220th St, Morris, MN, 56267 generates $720/mo in rent, after a $1,052/mo payment. Total monthly income is $720/mo. Return on cash invested sits at 9.43% in year one, and rental yield is 4.02% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 46.72% and total cumulative return in cash sums $33,301. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $720/mo property income rather than buyer’s personal income.
Single Family
Built in 1912
5.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56267, Morris, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,997 (100%) |
| Owner Occupied HU | 1,589 (53.0%) |
| Renter Occupied HU | 1,041 (34.7%) |
| Vacant Housing Units | 367 (12.2%) |
| Median Home Value | $262,671 |
| Average Home Value | $312,373 |
Housing Distribution
Address Breakdown
Residential
2,810
Single Family
2,178
Multi-Family
632
Businesses
344
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