4916 189th Ave NWNew LondonMN56273
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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 New London at 4916 189th Ave NW, New London, MN, 56273 earns from $1,620/mo rent with a $2,065/mo payment. Total monthly income totals $1,620/mo. ROI tracks 11.2% on current figures, and rental yield reads 4.61% at a $422,000 purchase. Equity gained on principal adds $2,723/yr, and 5% annual appreciation supports $116,591 over five years. Five-year ROI reaches 56.25% and total cumulative return in cash sums $78,695. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,620/mo property income instead of your personal income.
Manufactured
Built in 1985
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56273, New London, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,535 (100%) |
| Owner Occupied HU | 1,809 (71.4%) |
| Renter Occupied HU | 265 (10.5%) |
| Vacant Housing Units | 461 (18.2%) |
| Median Home Value | $388,316 |
| Average Home Value | $476,165 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,874
Multi-Family
122
Businesses
155
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Listed by: Jodi M Severson • Central MN Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6812497