526 N Franklin StNew UlmMN56073
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
Investment property for sale in New Ulm at 526 N Franklin St, New Ulm, MN, 56073 offers a 8.75% rental yield on a $205,600 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $1,006/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,597/yr on $68,156 to close, and return on cash invested stands at 23.72% in year one. Equity gained on principal adds $1,327/yr while 5% annual appreciation supports $56,803 over five years. Portfolio math shows five-year ROI at 123.37% and total cumulative return in cash at $84,086. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $1,006/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56073, New Ulm, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,755 (100%) |
| Owner Occupied HU | 5,599 (72.2%) |
| Renter Occupied HU | 1,724 (22.2%) |
| Vacant Housing Units | 432 ( 5.6%) |
| Median Home Value | $237,607 |
| Average Home Value | $276,836 |
Housing Distribution
Address Breakdown
Residential
7,563
Single Family
6,236
Multi-Family
1,327
Businesses
600
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices