5 Carriage LnOwatonnaMN55060
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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 Owatonna at 5 Carriage Ln, Owatonna, MN, 55060 with 5% annual appreciation on a $234,500 basis while $1,922/mo rent supports operations. Total monthly income totals $1,922/mo and a $1,148/mo payment preserves $457/mo for cash returns. Annual cash flow comes to $5,489/yr on $77,737 deployed, and return on cash invested reaches 26.97% in year one. Equity gained on principal adds $1,513/yr, and five-year appreciation sums $64,788 alongside rental yield of 9.84%. Five-year ROI measures 140.82% and total cumulative return in cash totals $109,468.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,922/mo property income versus a $1,148/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1997
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55060, Owatonna, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,775 (100%) |
| Owner Occupied HU | 8,880 (69.5%) |
| Renter Occupied HU | 3,208 (25.1%) |
| Vacant Housing Units | 687 ( 5.4%) |
| Median Home Value | $270,032 |
| Average Home Value | $312,015 |
Housing Distribution
Address Breakdown
Residential
12,408
Single Family
10,414
Multi-Family
1,994
Businesses
1,010
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