513 3rd StNashwaukMN55769
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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 Nashwauk at 513 3rd St, Nashwauk, MN, 55769 offers a 9.63% rental yield on a $147,500 purchase with $1,184/mo rent. Total monthly income registers $1,184/mo, and a $722/mo payment leaves $263/mo available for distribution. Annual cash flow reaches $3,154/yr on $48,896 to close, and return on cash invested stands at 26.36% in year one. Equity gained on principal adds $952/yr while 5% annual appreciation supports $40,752 over five years. Portfolio math shows five-year ROI at 137.51% and total cumulative return in cash at $67,237. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,184/mo property income against a $722/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1906
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55769, Nashwauk, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,475 (100%) |
| Owner Occupied HU | 870 (59.0%) |
| Renter Occupied HU | 191 (12.9%) |
| Vacant Housing Units | 414 (28.1%) |
| Median Home Value | $207,692 |
| Average Home Value | $273,595 |
Housing Distribution
Address Breakdown
Residential
1,095
Single Family
1,053
Multi-Family
42
Businesses
70
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