516 Nelson AveBelgradeMN56312
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 516 Nelson Ave, Belgrade, MN, 56312 in Belgrade at $274,900. Rental yield 6.75%. The 6.75% yield and 1.25 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $75,950 by year five, and $2,532/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $93,330.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.8% | 8.0% |
| Monthly Cash Flow | $(171) | $350 |
City averages based on Belgrade market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,546 |
| Total Monthly Debt Service | $1,607 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1979
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56312, Belgrade, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 964 (100%) |
| Owner Occupied HU | 701 (72.7%) |
| Renter Occupied HU | 192 (19.9%) |
| Vacant Housing Units | 71 ( 7.4%) |
| Median Home Value | $355,357 |
| Average Home Value | $445,435 |
Housing Distribution
Address Breakdown
Residential
684
Single Family
632
Multi-Family
52
Businesses
65
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
Single Family
Built in 1979
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56312, Belgrade, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 964 (100%) |
| Owner Occupied HU | 701 (72.7%) |
| Renter Occupied HU | 192 (19.9%) |
| Vacant Housing Units | 71 ( 7.4%) |
| Median Home Value | $355,357 |
| Average Home Value | $445,435 |
Housing Distribution
Address Breakdown
Residential
684
Single Family
632
Multi-Family
52
Businesses
65
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices