515 1st St SWStaplesMN56479
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 Staples at 515 1st St SW, Staples, MN, 56479 priced at $172,900 converts $1,308/mo rent into $229/mo cash flow after a $846/mo obligation. Total monthly income equals $1,308/mo, and annual cash flow totals $2,743/yr on $57,316 invested. Return on cash invested prints 24.69% in year one, and rental yield reads 9.08% against a $172,900 entry. Equity gained on principal adds $1,116/yr, while 5% annual appreciation compiles into $47,769 by year five. Five-year ROI reaches 128.6% and total cumulative return in cash sums $73,712. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,308/mo property income covering a $846/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56479, Staples, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,777 (100%) |
| Owner Occupied HU | 1,702 (61.3%) |
| Renter Occupied HU | 659 (23.7%) |
| Vacant Housing Units | 416 (15.0%) |
| Median Home Value | $215,813 |
| Average Home Value | $237,895 |
Housing Distribution
Address Breakdown
Residential
2,385
Single Family
2,096
Multi-Family
289
Businesses
165
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristopher Mumm • Weichert REALTORS Tower Properties
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6686232
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