508 2nd AveGoodhueMN55027
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 508 2nd Ave, Goodhue, MN, 55027 in Goodhue is priced for capital growth, not immediate cash flow. The $248,700 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $68,711 by year five, with $2,291/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $350 |
City averages based on Goodhue market data in our database. Property projections are estimates.
Single Family
Built in 1930
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55027, Goodhue, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,157 (100%) |
| Owner Occupied HU | 948 (81.9%) |
| Renter Occupied HU | 148 (12.8%) |
| Vacant Housing Units | 61 ( 5.3%) |
| Median Home Value | $384,956 |
| Average Home Value | $457,097 |
Housing Distribution
Address Breakdown
Residential
1,069
Single Family
1,028
Multi-Family
41
Businesses
59
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1930
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55027, Goodhue, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,157 (100%) |
| Owner Occupied HU | 948 (81.9%) |
| Renter Occupied HU | 148 (12.8%) |
| Vacant Housing Units | 61 ( 5.3%) |
| Median Home Value | $384,956 |
| Average Home Value | $457,097 |
Housing Distribution
Address Breakdown
Residential
1,069
Single Family
1,028
Multi-Family
41
Businesses
59
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices