523 5th Ave SEMelroseMN56352
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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
Investment property for sale in Melrose at 523 5th Ave SE, Melrose, MN, 56352 with 5% annual appreciation on a $335,000 basis while $2,484/mo rent supports operations. Total monthly income totals $2,484/mo and a $1,640/mo payment preserves $392/mo for cash returns. Annual cash flow comes to $4,701/yr on $111,053 deployed, and return on cash invested reaches 24.14% in year one. Equity gained on principal adds $2,162/yr, and five-year appreciation sums $92,554 alongside rental yield of 8.9%. Five-year ROI measures 125.61% and total cumulative return in cash totals $139,496.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,484/mo property income versus a $1,640/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1880
2.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56352, Melrose, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,428 (100%) |
| Owner Occupied HU | 1,693 (69.7%) |
| Renter Occupied HU | 509 (21.0%) |
| Vacant Housing Units | 226 ( 9.3%) |
| Median Home Value | $323,153 |
| Average Home Value | $382,620 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
1,954
Multi-Family
235
Businesses
146
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