515 Center St ERochesterMN55906
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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
Total monthly income runs $1,494/mo, and a $2,447/mo payment. Purchase price stands at $500,000, and rental yield measures 3.59% with $1,494/mo rent. Return on cash invested shows 8.12% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 39.69% and total cumulative return in cash records $65,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,494/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 1923
0.30 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55906, Rochester, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,098 (100%) |
| Owner Occupied HU | 6,460 (71.0%) |
| Renter Occupied HU | 2,129 (23.4%) |
| Vacant Housing Units | 509 ( 5.6%) |
| Median Home Value | $407,644 |
| Average Home Value | $436,075 |
Housing Distribution
Address Breakdown
Residential
8,580
Single Family
7,531
Multi-Family
1,049
Businesses
418
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Listed by: Geary J. O'reilly • Elcor Realty of Rochester Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6609115
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