531 2nd St NWDilworthMN56529
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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 Dilworth at 531 2nd St NW, Dilworth, MN, 56529 generates $1,194/mo in rent, after a $1,273/mo payment. Total monthly income is $1,194/mo. Return on cash invested sits at 13.92% in year one, and rental yield is 5.51% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 70.8% and total cumulative return in cash sums $61,025. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,194/mo property income rather than buyer’s personal income.
Condo
Built in 2001
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56529, Dilworth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,928 (100%) |
| Owner Occupied HU | 1,334 (69.2%) |
| Renter Occupied HU | 487 (25.3%) |
| Vacant Housing Units | 107 ( 5.5%) |
| Median Home Value | $336,181 |
| Average Home Value | $443,460 |
Housing Distribution
Address Breakdown
Residential
1,867
Single Family
1,420
Multi-Family
447
Businesses
107
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