551 2nd StEchoMN56237
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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
Investment property for sale in Echo at 551 2nd St, Echo, MN, 56237 with 5% annual appreciation on a $248,000 basis while $1,750/mo rent supports operations. Total monthly income totals $1,750/mo and a $1,214/mo payment preserves $201/mo for cash returns. Annual cash flow comes to $2,414/yr on $82,212 deployed, and return on cash invested reaches 22.85% in year one. Equity gained on principal adds $1,600/yr, and five-year appreciation sums $68,518 alongside rental yield of 8.47%. Five-year ROI measures 118.71% and total cumulative return in cash totals $97,590.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,750/mo property income versus a $1,214/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56237, Echo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 241 (100%) |
| Owner Occupied HU | 184 (76.3%) |
| Renter Occupied HU | 33 (13.7%) |
| Vacant Housing Units | 24 ( 10.0%) |
| Median Home Value | $195,000 |
| Average Home Value | $228,465 |
Housing Distribution
Address Breakdown
Residential
181
Single Family
181
Multi-Family
0
Businesses
13
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