540 Main StFoleyMN56329
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 Foley at 540 Main St, Foley, MN, 56329 offers a 6.78% rental yield on a $170,000 purchase with $960/mo rent. 57% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 90.51% and total cumulative return in cash at $51,009. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $960/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1912
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56329, Foley, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,973 (100%) |
| Owner Occupied HU | 2,414 (81.2%) |
| Renter Occupied HU | 432 (14.5%) |
| Vacant Housing Units | 127 ( 4.3%) |
| Median Home Value | $324,421 |
| Average Home Value | $370,910 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,417
Multi-Family
152
Businesses
164
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sara B Mcconnell • RE/MAX Results
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6604779
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