521 State StEvansvilleMN56326
INVESTMENT ANALYSIS
Investment Verdict
Solid Income521 State St, Evansville, MN, 56326 in Evansville is a solid income-producing rental, 9.49% gross yield, $988/mo rent, $208/mo net cash flow on a $124,900 buy. DSCR 1.76 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $34,508 and $1,150/yr in principal reduction project a total cumulative return of $60,790.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.8% |
| Monthly Cash Flow | $208 | $450 |
City averages based on Evansville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $988 |
| Total Monthly Debt Service | $730 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1959
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56326, Evansville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 848 (100%) |
| Owner Occupied HU | 551 (65.0%) |
| Renter Occupied HU | 117 (13.8%) |
| Vacant Housing Units | 180 (21.2%) |
| Median Home Value | $343,506 |
| Average Home Value | $375,141 |
Housing Distribution
Address Breakdown
Residential
469
Single Family
453
Multi-Family
16
Businesses
45
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 1959
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56326, Evansville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 848 (100%) |
| Owner Occupied HU | 551 (65.0%) |
| Renter Occupied HU | 117 (13.8%) |
| Vacant Housing Units | 180 (21.2%) |
| Median Home Value | $343,506 |
| Average Home Value | $375,141 |
Housing Distribution
Address Breakdown
Residential
469
Single Family
453
Multi-Family
16
Businesses
45
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diane Borner • Diane Borner Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7000500