500 3rd St SWStewartvilleMN55976
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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 Stewartville at 500 3rd St SW, Stewartville, MN, 55976 uses $99,417 cash to close to unlock $6,758/yr annual cash flow and $563/mo monthly cash flow. Total monthly income runs $2,436/mo, and a $1,468/mo payment keeps the spread at $563/mo. Purchase price stands at $299,900, and rental yield measures 9.75% with $2,436/mo rent. Return on cash invested shows 26.71% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 139.41% and total cumulative return in cash records $138,592. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,436/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1912
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55976, Stewartville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,497 (100%) |
| Owner Occupied HU | 2,687 (76.8%) |
| Renter Occupied HU | 683 (19.5%) |
| Vacant Housing Units | 127 ( 3.6%) |
| Median Home Value | $394,668 |
| Average Home Value | $425,922 |
Housing Distribution
Address Breakdown
Residential
3,404
Single Family
3,119
Multi-Family
285
Businesses
183
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Listed by: Denel Ihde-Sparks • Re/Max Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6789683