507 Main St EFreeportMN56331
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 507 Main St E, Freeport, MN, 56331 in Freeport speaks for itself: 11.4% gross on a $185,000 price, generating $1,758/mo in rent and $603/mo in net income after the $832/mo debt service. DSCR 2.11, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,233 stacks alongside $51,112 in projected five-year appreciation and $1,704/yr in principal reduction. Projected total cumulative return: $109,013.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 8.0% |
| Monthly Cash Flow | $603 | $850 |
City averages based on Freeport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,758 |
| Total Monthly Debt Service | $1,082 |
| DSCR Ratio | 1.63x |
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 1915
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56331, Freeport, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 901 (100%) |
| Owner Occupied HU | 743 (82.5%) |
| Renter Occupied HU | 107 (11.9%) |
| Vacant Housing Units | 51 ( 5.7%) |
| Median Home Value | $386,111 |
| Average Home Value | $495,000 |
Housing Distribution
Address Breakdown
Residential
652
Single Family
633
Multi-Family
19
Businesses
50
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 1915
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56331, Freeport, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 901 (100%) |
| Owner Occupied HU | 743 (82.5%) |
| Renter Occupied HU | 107 (11.9%) |
| Vacant Housing Units | 51 ( 5.7%) |
| Median Home Value | $386,111 |
| Average Home Value | $495,000 |
Housing Distribution
Address Breakdown
Residential
652
Single Family
633
Multi-Family
19
Businesses
50
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices