506 2nd St STowerMN55790
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 Tower at 506 2nd St S, Tower, MN, 55790 earns $1,230/mo cash flow from $2,010/mo rent with a $611/mo payment. Total monthly income totals $2,010/mo, and annual cash flow totals $14,765/yr on $41,404 capital. ROI tracks 55.57% on current figures, and rental yield reads 19.31% at a $124,900 purchase. Equity gained on principal adds $806/yr, and 5% annual appreciation supports $34,508 over five years. Five-year ROI reaches 294.22% and total cumulative return in cash sums $121,822. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,010/mo property income instead of your personal income.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry Anderson • Vermilion Land Office, Inc
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6110887
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-18 04:37:24 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#939)