502 3rd St SEBarnesvilleMN56514
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 502 3rd St SE, Barnesville, MN, 56514 in Barnesville. Priced at $124,900, it generates $2,095/mo in gross rent and $1,315/mo in net monthly cash flow, a 20.13% yield that comfortably supports the 3.73 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $15,783. Five-year appreciation: $34,508. Equity from principal paydown: $1,150/yr. Total projected cumulative return: $132,022.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.1% | 7.5% |
| Monthly Cash Flow | $1,315 | $1,500 |
City averages based on Barnesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,095 |
| Total Monthly Debt Service | $730 |
| DSCR Ratio | 2.87x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1892
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56514, Barnesville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,584 (100%) |
| Owner Occupied HU | 1,246 (78.7%) |
| Renter Occupied HU | 256 (16.2%) |
| Vacant Housing Units | 82 ( 5.2%) |
| Median Home Value | $289,750 |
| Average Home Value | $309,394 |
Housing Distribution
Address Breakdown
Residential
1,442
Single Family
1,380
Multi-Family
62
Businesses
98
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
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
Single Family
Built in 1892
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56514, Barnesville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,584 (100%) |
| Owner Occupied HU | 1,246 (78.7%) |
| Renter Occupied HU | 256 (16.2%) |
| Vacant Housing Units | 82 ( 5.2%) |
| Median Home Value | $289,750 |
| Average Home Value | $309,394 |
Housing Distribution
Address Breakdown
Residential
1,442
Single Family
1,380
Multi-Family
62
Businesses
98
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Ben Waswick • Raboin Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6790279