56382 260th StGrove CityMN56243
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 Grove City at 56382 260th St, Grove City, MN, 56243 offers a 9.22% rental yield on a $113,000 purchase with $868/mo rent. Total monthly income registers $868/mo, and a $553/mo payment leaves $162/mo available for distribution. Annual cash flow reaches $1,949/yr on $37,460 to close, and return on cash invested stands at 25.11% in year one. Equity gained on principal adds $729/yr while 5% annual appreciation supports $31,220 over five years. Portfolio math shows five-year ROI at 130.88% and total cumulative return in cash at $49,025. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $868/mo property income against a $553/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1975
8.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56243, Grove City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 714 (100%) |
| Owner Occupied HU | 487 (68.2%) |
| Renter Occupied HU | 145 (20.3%) |
| Vacant Housing Units | 82 (11.5%) |
| Median Home Value | $280,814 |
| Average Home Value | $342,490 |
Housing Distribution
Address Breakdown
Residential
598
Single Family
564
Multi-Family
34
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa C Ostlund • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6791877