603 Main St NAtwaterMN56209
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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
Rental property for sale in Atwater at 603 Main St N, Atwater, MN, 56209 generates $1,240/mo in rent and, after a $827/mo payment, leaves $185/mo in cash flow. Total monthly income is $1,240/mo, and annual cash flow is $2,218/yr on $56,024 invested. Return on cash invested sits at 23.87% in year one, and rental yield is 8.8% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 124.14% and total cumulative return in cash sums $69,547. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,240/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56209, Atwater, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,257 (100%) |
| Owner Occupied HU | 775 (61.7%) |
| Renter Occupied HU | 167 (13.3%) |
| Vacant Housing Units | 315 (25.1%) |
| Median Home Value | $270,238 |
| Average Home Value | $344,139 |
Housing Distribution
Address Breakdown
Residential
740
Single Family
740
Multi-Family
0
Businesses
55
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