5799 331st StCannon FallsMN55009
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 Cannon Falls at 5799 331st St, Cannon Falls, MN, 55009 uses $91,163 cash to close to unlock $2,733/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $1,945/mo, and a $1,346/mo payment keeps the spread at $228/mo. Purchase price stands at $275,000, and rental yield measures 8.49% with $1,945/mo rent. Return on cash invested shows 22.91% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 119% and total cumulative return in cash records $108,479. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,945/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1978
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55009, Cannon Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 2,726 (74.7%) |
| Renter Occupied HU | 725 (19.9%) |
| Vacant Housing Units | 199 ( 5.5%) |
| Median Home Value | $379,935 |
| Average Home Value | $421,616 |
Housing Distribution
Address Breakdown
Residential
3,538
Single Family
3,176
Multi-Family
362
Businesses
279
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Listed by: Lisa Lundell • Cannon Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6693515
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