56382 260th StGrove CityMN56243
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 56382 260th St, Grove City, MN, 56243 in Grove City at $113,000 earns $868/mo in rent and nets $162/mo after the $508/mo payment, a 9.22% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $31,220 over five years. Ziffy Mortgage underwrites this on a 1.71 DSCR without U.S. credit history. With $1,041/yr in principal paydown, total projected return reaches $53,354.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.0% |
| Monthly Cash Flow | $162 | $900 |
City averages based on Grove City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $868 |
| Total Monthly Debt Service | $661 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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