603 Elm St NKimballMN55353
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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 Kimball at 603 Elm St N, Kimball, MN, 55353 priced at $339,900 pairs $2,448/mo rent with $325/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,448/mo, and annual cash flow comes to $3,902/yr on $112,677 invested. Return on cash invested is 23.37% in year one, and rental yield stands at 8.64% on a $339,900 basis. Equity gained on principal adds $2,193/yr, and 5% annual appreciation accumulates to $93,908 by year five. Five-year ROI measures 121.51% and total cumulative return in cash reaches $136,919. For financing, Ziffy Mortgage’s DSCR program evaluates $2,448/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55353, Kimball, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,482 (100%) |
| Owner Occupied HU | 1,133 (76.5%) |
| Renter Occupied HU | 172 (11.6%) |
| Vacant Housing Units | 177 (11.9%) |
| Median Home Value | $419,382 |
| Average Home Value | $489,689 |
Housing Distribution
Address Breakdown
Residential
1,135
Single Family
1,119
Multi-Family
16
Businesses
79
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