521 State StEvansvilleMN56326
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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
Rental property for sale in Evansville at 521 State St, Evansville, MN, 56326 offers $988/mo rent that, after a $611/mo payment, leaves $208/mo cash flow. Total monthly income is $988/mo, and annual cash flow is $2,501/yr on $41,404 cash. Return on cash invested measures 25.95% in year one, and rental yield stands at 9.49% at a $124,900 entry. Equity gained on principal adds $806/yr while 5% annual appreciation compounds into $34,508 by year five. Five-year ROI records 135.37% and total cumulative return in cash reaches $56,050. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $988/mo property income versus a $611/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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
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Listed by: Diane Borner • Diane Borner Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7000500