508 5th StKenyonMN55946
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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
Rental property for sale in Kenyon at 508 5th St, Kenyon, MN, 55946 generates $1,440/mo in rent and, after a $949/mo payment, leaves $229/mo in cash flow. Total monthly income is $1,440/mo, and annual cash flow is $2,751/yr on $64,278 invested. Return on cash invested sits at 24.19% in year one, and rental yield is 8.91% on a $193,900 entry. Equity gained on principal adds $1,251/yr, while 5% annual appreciation builds toward $53,571 over five years. Five-year ROI reaches 125.92% and total cumulative return in cash sums $80,941. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55946, Kenyon, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,498 (100%) |
| Owner Occupied HU | 1,150 (76.8%) |
| Renter Occupied HU | 246 (16.4%) |
| Vacant Housing Units | 102 ( 6.8%) |
| Median Home Value | $289,873 |
| Average Home Value | $347,687 |
Housing Distribution
Address Breakdown
Residential
1,370
Single Family
1,306
Multi-Family
64
Businesses
77
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Nearby investment properties with comparable prices
Listed by: Chris Mallery • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6721210
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