509 1st St NWNew PragueMN56071
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
Investment property for sale in New Prague at 509 1st St NW, New Prague, MN, 56071 offers a 10.87% rental yield on a $240,000 purchase with $2,173/mo rent. Total monthly income registers $2,173/mo, and a $1,175/mo payment leaves $674/mo available for distribution. Annual cash flow reaches $8,088/yr on $79,560 to close, and return on cash invested stands at 30.07% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 157.42% and total cumulative return in cash at $125,246. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,173/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56071, New Prague, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,103 (100%) |
| Owner Occupied HU | 4,059 (79.5%) |
| Renter Occupied HU | 835 (16.4%) |
| Vacant Housing Units | 209 ( 4.1%) |
| Median Home Value | $425,546 |
| Average Home Value | $466,784 |
Housing Distribution
Address Breakdown
Residential
5,037
Single Family
4,633
Multi-Family
404
Businesses
337
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Listed by: Nancy L Witt • K.A. Witt Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6813563