502 1st Ave EAdaMN56510
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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 Ada at 502 1st Ave E, Ada, MN, 56510 uses $65,471 cash to close to unlock $2,477/yr annual cash flow and $206/mo monthly cash flow. Total monthly income runs $1,440/mo, and a $967/mo payment keeps the spread at $206/mo. Purchase price stands at $197,500, and rental yield measures 8.75% with $1,440/mo rent. Return on cash invested shows 23.69% in year one, and 5% annual appreciation builds toward $54,566 over five years. Five-year ROI reaches 123.25% and total cumulative return in cash records $80,691. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $967/mo payment rather than investor’s personal income.
Single Family
Built in 1930
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56510, Ada, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,117 (100%) |
| Owner Occupied HU | 723 (64.7%) |
| Renter Occupied HU | 247 (22.1%) |
| Vacant Housing Units | 147 (13.2%) |
| Median Home Value | $169,360 |
| Average Home Value | $221,387 |
Housing Distribution
Address Breakdown
Residential
1,005
Single Family
885
Multi-Family
120
Businesses
159
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Listed by: Kristi Melting • Home Crown Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6689482
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