503 E 2nd StJanesvilleMN56048
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
Investment Highlights
Investment property for sale in Janesville at 503 E 2nd St, Janesville, MN, 56048 offers a 7.26% rental yield on a $188,400 purchase with $1,140/mo rent. 21% in year one. Equity gained on principal adds $1,216/yr while 5% annual appreciation supports $52,051 over five years. Portfolio math shows five-year ROI at 99.19% and total cumulative return in cash at $61,946. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,140/mo property income against a $922/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56048, Janesville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,677 (100%) |
| Owner Occupied HU | 1,322 (78.8%) |
| Renter Occupied HU | 252 (15.0%) |
| Vacant Housing Units | 103 ( 6.1%) |
| Median Home Value | $267,200 |
| Average Home Value | $298,837 |
Housing Distribution
Address Breakdown
Residential
1,459
Single Family
1,368
Multi-Family
91
Businesses
84
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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