513 2nd Ave WHalstadMN56548
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 513 2nd Ave W, Halstad, MN, 56548 in Halstad at $197,000 earns $1,375/mo in rent and nets $85/mo after the $886/mo payment, a 8.01% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $54,427 over five years. Ziffy Mortgage underwrites this on a 1.55 DSCR without U.S. credit history. With $1,814/yr in principal paydown, total projected return reaches $84,106.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 7.2% |
| Monthly Cash Flow | $85 | $400 |
City averages based on Halstad market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,375 |
| Total Monthly Debt Service | $1,152 |
| DSCR Ratio | 1.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.