602 Main AveShevlinMN56676
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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 Shevlin at 602 Main Ave, Shevlin, MN, 56676 listed at $238,000 pairs $2,584/mo rent with a $1,165/mo payment to leave $1,098/mo cash flow. Total monthly income runs $2,584/mo, and annual cash flow reaches $13,172/yr on $78,897 cash to close. Return on cash invested measures 36.6% in year one, and rental yield registers 13.03% at a $238,000 basis. Equity gained on principal adds $1,536/yr, and annual property appreciation at 5% supports $65,755 by year five. Five-year ROI tracks 192.45% and total cumulative return in cash totals $151,834. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,584/mo property income relative to a $1,165/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1927
19.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56676, Shevlin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,047 (100%) |
| Owner Occupied HU | 673 (64.3%) |
| Renter Occupied HU | 87 ( 8.3%) |
| Vacant Housing Units | 287 (27.4%) |
| Median Home Value | $263,915 |
| Average Home Value | $292,842 |
Housing Distribution
Address Breakdown
Residential
728
Single Family
728
Multi-Family
0
Businesses
19
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