508 4th St NWNew RichlandMN56072
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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 New Richland at 508 4th St NW, New Richland, MN, 56072 uses $72,897 cash to close to unlock $4,862/yr annual cash flow and $405/mo monthly cash flow. Total monthly income runs $1,778/mo, and a $1,076/mo payment keeps the spread at $405/mo. Purchase price stands at $219,900, and rental yield measures 9.7% with $1,778/mo rent. Return on cash invested shows 26.58% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 138.73% and total cumulative return in cash records $101,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,778/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1979
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56072, New Richland, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,015 (100%) |
| Owner Occupied HU | 780 (76.8%) |
| Renter Occupied HU | 138 (13.6%) |
| Vacant Housing Units | 97 ( 9.6%) |
| Median Home Value | $207,292 |
| Average Home Value | $282,580 |
Housing Distribution
Address Breakdown
Residential
855
Single Family
834
Multi-Family
21
Businesses
59
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Listed by: Debra L. Schmidt • Help-U-Sell Heritage Real Est.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6753310