516 E Elm StRedwood FallsMN56283
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 Redwood Falls at 516 E Elm St, Redwood Falls, MN, 56283 offers $2,250/mo rent that, after a $1,027/mo payment, leaves $940/mo cash flow. Total monthly income is $2,250/mo, and annual cash flow is $11,276/yr on $69,582 cash. Return on cash invested measures 36.11% in year one, and rental yield stands at 12.86% at a $209,900 entry. Equity gained on principal adds $1,354/yr while 5% annual appreciation compounds into $57,992 by year five. Five-year ROI records 189.84% and total cumulative return in cash reaches $132,092. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,250/mo property income versus a $1,027/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56283, Redwood Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 1,951 (64.2%) |
| Renter Occupied HU | 783 (25.7%) |
| Vacant Housing Units | 307 (10.1%) |
| Median Home Value | $215,722 |
| Average Home Value | $280,286 |
Housing Distribution
Address Breakdown
Residential
2,963
Single Family
2,551
Multi-Family
412
Businesses
317
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Valerie Jean Stephens • Kerkhoff Auction & Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6626234