505 1st AveRaymondMN56282
INVESTMENT ANALYSIS
Investment Verdict
Solid Income505 1st Ave, Raymond, MN, 56282 in Raymond is a solid income-producing rental, 9.91% gross yield, $2,312/mo rent, $564/mo net cash flow on a $280,000 buy. DSCR 1.84 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $77,359 and $2,579/yr in principal reduction project a total cumulative return of $142,501.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 7.5% |
| Monthly Cash Flow | $564 | $1,200 |
City averages based on Raymond market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,312 |
| Total Monthly Debt Service | $1,637 |
| DSCR Ratio | 1.41x |
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 1979
0.34 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56282, Raymond, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 649 (100%) |
| Owner Occupied HU | 476 (73.3%) |
| Renter Occupied HU | 107 (16.5%) |
| Vacant Housing Units | 66 (10.2%) |
| Median Home Value | $267,969 |
| Average Home Value | $330,609 |
Housing Distribution
Address Breakdown
Residential
506
Single Family
480
Multi-Family
26
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 1979
0.34 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56282, Raymond, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 649 (100%) |
| Owner Occupied HU | 476 (73.3%) |
| Renter Occupied HU | 107 (16.5%) |
| Vacant Housing Units | 66 (10.2%) |
| Median Home Value | $267,969 |
| Average Home Value | $330,609 |
Housing Distribution
Address Breakdown
Residential
506
Single Family
480
Multi-Family
26
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices