502 Pleasant AvePrinsburgMN56281
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 502 Pleasant Ave, Prinsburg, MN, 56281 in Prinsburg: $2,414/mo in rent, $1,009/mo net, 12.88% gross yield, all on a $225,000 acquisition. The 2.39 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $62,163 in value, and $2,072/yr in principal paydown steadily builds equity. Projected total cumulative return: $150,312.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 7.0% |
| Monthly Cash Flow | $1,009 | $200 |
City averages based on Prinsburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,414 |
| Total Monthly Debt Service | $1,315 |
| DSCR Ratio | 1.84x |
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 1963
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56281, Prinsburg, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 266 (85.0%) |
| Renter Occupied HU | 34 (10.9%) |
| Vacant Housing Units | 13 ( 4.2%) |
| Median Home Value | $256,250 |
| Average Home Value | $331,964 |
Housing Distribution
Address Breakdown
Residential
239
Single Family
224
Multi-Family
15
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1963
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56281, Prinsburg, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 266 (85.0%) |
| Renter Occupied HU | 34 (10.9%) |
| Vacant Housing Units | 13 ( 4.2%) |
| Median Home Value | $256,250 |
| Average Home Value | $331,964 |
Housing Distribution
Address Breakdown
Residential
239
Single Family
224
Multi-Family
15
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices