502 16th St NVirginiaMN55792
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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 Virginia at 502 16th St N, Virginia, MN, 55792 listed at $142,000 pairs $1,141/mo rent with a $695/mo payment to leave $254/mo cash flow. Total monthly income runs $1,141/mo, and annual cash flow reaches $3,052/yr on $47,073 cash to close. Return on cash invested measures 26.39% in year one, and rental yield registers 9.64% at a $142,000 basis. Equity gained on principal adds $916/yr, and annual property appreciation at 5% supports $39,232 by year five. Five-year ROI tracks 137.74% and total cumulative return in cash totals $64,838. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,141/mo property income relative to a $695/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1916
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55792, Virginia, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,428 (100%) |
| Owner Occupied HU | 2,841 (52.3%) |
| Renter Occupied HU | 1,857 (34.2%) |
| Vacant Housing Units | 730 (13.4%) |
| Median Home Value | $172,412 |
| Average Home Value | $218,446 |
Housing Distribution
Address Breakdown
Residential
4,825
Single Family
3,864
Multi-Family
961
Businesses
582
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Listed by: Michele Mayry • Northland Realty
Mls Name: Range AOR
Mls ID: #148596
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.