589 4th AveNewportMN55055
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 Newport at 589 4th Ave, Newport, MN, 55055 earns $204/mo cash flow from $2,187/mo rent with a $1,517/mo payment. Total monthly income totals $2,187/mo, and annual cash flow totals $2,443/yr on $102,732 capital. ROI tracks 22.29% on current figures, and rental yield reads 8.47% at a $309,900 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,620 over five years. Five-year ROI reaches 115.9% and total cumulative return in cash sums $119,064. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,187/mo property income instead of your personal income.
Single Family
Built in 1971
0.29 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Lisa J. Proechel • Keller Williams Integrity Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6707352
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