513 2nd Ave WHalstadMN56548
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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 Halstad at 513 2nd Ave W, Halstad, MN, 56548 with 5% annual appreciation on a $197,000 basis while $1,375/mo rent supports operations. Total monthly income totals $1,375/mo and a $964/mo payment preserves $145/mo for cash returns. Annual cash flow comes to $1,741/yr on $65,306 deployed, and return on cash invested reaches 22.57% in year one. Equity gained on principal adds $1,271/yr, and five-year appreciation sums $54,427 alongside rental yield of 8.38%. Five-year ROI measures 117.27% and total cumulative return in cash totals $76,586.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,375/mo property income versus a $964/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56548, Halstad, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 363 (100%) |
| Owner Occupied HU | 231 (63.6%) |
| Renter Occupied HU | 51 (14.0%) |
| Vacant Housing Units | 81 (22.3%) |
| Median Home Value | $165,278 |
| Average Home Value | $234,838 |
Housing Distribution
Address Breakdown
Residential
252
Single Family
204
Multi-Family
48
Businesses
26
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Listed by: Christopher Leigh • Vision Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-541
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.