600 S St WBelle PlaineMN56011
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 Belle Plaine at 600 S St W, Belle Plaine, MN, 56011 priced at $424,900 converts $4,862/mo rent into $2,067/mo cash flow after a $2,080/mo obligation. Total monthly income equals $4,862/mo, and annual cash flow totals $24,805/yr on $140,854 invested. Return on cash invested prints 37.52% in year one, and rental yield reads 13.73% against a $424,900 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,392 by year five. Five-year ROI reaches 197.81% and total cumulative return in cash sums $278,625. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,862/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56011, Belle Plaine, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,938 (79.7%) |
| Renter Occupied HU | 584 (15.8%) |
| Vacant Housing Units | 163 ( 4.4%) |
| Median Home Value | $348,371 |
| Average Home Value | $403,113 |
Housing Distribution
Address Breakdown
Residential
3,794
Single Family
3,521
Multi-Family
273
Businesses
182
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Nearby investment properties with comparable prices
Listed by: Cameron Monson • RE/MAX Results
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6614792
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