602 8th Ave NWAustinMN55912
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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 Austin at 602 8th Ave NW, Austin, MN, 55912 uses $39,747 cash to close to unlock $2,174/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $930/mo, and a $587/mo payment keeps the spread at $181/mo. Purchase price stands at $119,900, and rental yield measures 9.31% with $930/mo rent. Return on cash invested shows 25.38% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 132.36% and total cumulative return in cash records $52,608. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $930/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1935
4,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55912, Austin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,710 (100%) |
| Owner Occupied HU | 8,151 (64.1%) |
| Renter Occupied HU | 3,642 (28.7%) |
| Vacant Housing Units | 917 ( 7.2%) |
| Median Home Value | $198,527 |
| Average Home Value | $258,502 |
Housing Distribution
Address Breakdown
Residential
12,261
Single Family
10,599
Multi-Family
1,662
Businesses
835
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