504 Havana RdOwatonnaMN55060
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
Rental property for sale in Owatonna at 504 Havana Rd, Owatonna, MN, 55060 priced at $289,900 converts $2,624/mo rent into $814/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,624/mo, and annual cash flow totals $9,764/yr on $96,102 invested. Return on cash invested prints 30.07% in year one, and rental yield reads 10.86% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 157.4% and total cumulative return in cash sums $151,269. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,624/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1959
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55060, Owatonna, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,775 (100%) |
| Owner Occupied HU | 8,880 (69.5%) |
| Renter Occupied HU | 3,208 (25.1%) |
| Vacant Housing Units | 687 ( 5.4%) |
| Median Home Value | $270,032 |
| Average Home Value | $312,015 |
Housing Distribution
Address Breakdown
Residential
12,408
Single Family
10,414
Multi-Family
1,994
Businesses
1,010
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Listed by: Debra L. Schmidt • Help-U-Sell Heritage Real Est.
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6578560
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