501 2nd St SWCannon FallsMN55009
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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 Cannon Falls at 501 2nd St SW, Cannon Falls, MN, 55009 generates $870/mo in rent, after a $1,419/mo payment. Total monthly income is $870/mo. Return on cash invested sits at 8.17% in year one, and rental yield is 3.6% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 39.95% and total cumulative return in cash sums $38,397. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $870/mo property income rather than buyer’s personal income.
Single Family
Built in 1897
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55009, Cannon Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 2,726 (74.7%) |
| Renter Occupied HU | 725 (19.9%) |
| Vacant Housing Units | 199 ( 5.5%) |
| Median Home Value | $379,935 |
| Average Home Value | $421,616 |
Housing Distribution
Address Breakdown
Residential
3,538
Single Family
3,176
Multi-Family
362
Businesses
279
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Listed by: Josh Hofstedt • Cannon Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6753822