527 6th Ave NWFaribaultMN55021
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 Faribault at 527 6th Ave NW, Faribault, MN, 55021 at $309,900 posts ROI 27.58% with $657/mo cash flow from $2,592/mo rent. Total monthly income equals $2,592/mo, and annual cash flow records $7,880/yr on $102,732 to close. Return on cash invested measures 27.58% and rental yield reads 10.04% at the current $309,900. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,620 by year five. Five-year ROI prints 144.06% and total cumulative return in cash totals $147,996.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,592/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1880
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55021, Faribault, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,145 (100%) |
| Owner Occupied HU | 7,913 (65.2%) |
| Renter Occupied HU | 3,251 (26.8%) |
| Vacant Housing Units | 981 ( 8.1%) |
| Median Home Value | $336,085 |
| Average Home Value | $370,419 |
Housing Distribution
Address Breakdown
Residential
11,925
Single Family
9,851
Multi-Family
2,074
Businesses
825
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Miskowic • RE/MAX Advantage Plus
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6632599
Disclaimer: Based on information submitted to the MLS GRID as of 2024-11-19 06:01:38 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)