55 5th Ave NWElginMN55932
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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 Elgin at 55 5th Ave NW, Elgin, MN, 55932 priced at $105,000 pairs $1,629/mo rent with $973/mo cash flow after a $514/mo payment. Total monthly income equals $1,629/mo, and annual cash flow comes to $11,679/yr on $34,808 invested. Return on cash invested is 53.46% in year one, and rental yield stands at 18.62% on a $105,000 basis. Equity gained on principal adds $678/yr, and 5% annual appreciation accumulates to $29,010 by year five. Five-year ROI measures 282.94% and total cumulative return in cash reaches $98,486. For financing, Ziffy Mortgage’s DSCR program evaluates $1,629/mo property income against a $514/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1968
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55932, Elgin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 806 (100%) |
| Owner Occupied HU | 634 (78.7%) |
| Renter Occupied HU | 127 (15.8%) |
| Vacant Housing Units | 45 ( 5.6%) |
| Median Home Value | $334,783 |
| Average Home Value | $408,486 |
Housing Distribution
Address Breakdown
Residential
629
Single Family
629
Multi-Family
0
Businesses
41
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