510 Birch Ave NNew 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
Rental property for sale in New Richland at 510 Birch Ave N, New Richland, MN, 56072 generates $2,350/mo in rent and, after a $1,344/mo payment, leaves $635/mo in cash flow. Total monthly income is $2,350/mo, and annual cash flow is $7,625/yr on $90,997 invested. Return on cash invested sits at 28.29% in year one, and rental yield is 10.27% on a $274,500 entry. Equity gained on principal adds $1,771/yr, while 5% annual appreciation builds toward $75,839 over five years. Five-year ROI reaches 147.87% and total cumulative return in cash sums $134,554. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,350/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
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: Blain J Nelson • RE/MAX Masters
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6813004