600 E 7th StStarbuckMN56381
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
Rental property for sale in Starbuck at 600 E 7th St, Starbuck, MN, 56381 priced at $214,900 pairs $834/mo rent with after a $1,052/mo payment. Total monthly income equals $834/mo. Return on cash invested is 11.35% in year one, and rental yield stands at 4.66% on a $214,900 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,373 by year five. Five-year ROI measures 57.01% and total cumulative return in cash reaches $40,614. For financing, Ziffy Mortgage’s DSCR program evaluates $834/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56381, Starbuck, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,439 (100%) |
| Owner Occupied HU | 881 (61.2%) |
| Renter Occupied HU | 228 (15.8%) |
| Vacant Housing Units | 330 (22.9%) |
| Median Home Value | $293,687 |
| Average Home Value | $336,612 |
Housing Distribution
Address Breakdown
Residential
1,012
Single Family
927
Multi-Family
85
Businesses
90
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Nearby investment properties with comparable prices
Listed by: Jeremy Jorgenson • Realty ONE Group Choice
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6610245
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-14 13:46:35 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)