506 E Cook StRedwood FallsMN56283
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 Redwood Falls at 506 E Cook St, Redwood Falls, MN, 56283 priced at $246,300 pairs $1,907/mo rent with $340/mo cash flow after a $1,206/mo payment. Total monthly income equals $1,907/mo, and annual cash flow comes to $4,077/yr on $81,648 invested. Return on cash invested is 24.9% in year one, and rental yield stands at 9.29% on a $246,300 basis. Equity gained on principal adds $1,589/yr, and 5% annual appreciation accumulates to $68,048 by year five. Five-year ROI measures 129.85% and total cumulative return in cash reaches $106,020. For financing, Ziffy Mortgage’s DSCR program evaluates $1,907/mo property income against a $1,206/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56283, Redwood Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 1,951 (64.2%) |
| Renter Occupied HU | 783 (25.7%) |
| Vacant Housing Units | 307 (10.1%) |
| Median Home Value | $215,722 |
| Average Home Value | $280,286 |
Housing Distribution
Address Breakdown
Residential
2,963
Single Family
2,551
Multi-Family
412
Businesses
317
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Listed by: N/A • N/A
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