514 3rd St SWPipestoneMN56164
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
Rental property for sale in Pipestone at 514 3rd St SW, Pipestone, MN, 56164 priced at $129,500 pairs $994/mo rent with $185/mo cash flow after a $634/mo payment. Total monthly income equals $994/mo, and annual cash flow comes to $2,222/yr on $42,929 invested. Return on cash invested is 25.09% in year one, and rental yield stands at 9.21% on a $129,500 basis. Equity gained on principal adds $836/yr, and 5% annual appreciation accumulates to $35,778 by year five. Five-year ROI measures 130.8% and total cumulative return in cash reaches $56,150. For financing, Ziffy Mortgage’s DSCR program evaluates $994/mo property income against a $634/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56164, Pipestone, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,625 (100%) |
| Owner Occupied HU | 1,696 (64.6%) |
| Renter Occupied HU | 645 (24.6%) |
| Vacant Housing Units | 284 (10.8%) |
| Median Home Value | $181,818 |
| Average Home Value | $210,498 |
Housing Distribution
Address Breakdown
Residential
2,591
Single Family
2,326
Multi-Family
265
Businesses
295
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tatum Pottratz • Real Estate Retrievers-Luverne
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6653169
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