606 2nd St NWNew PragueMN56071
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
Investment property for sale in New Prague at 606 2nd St NW, New Prague, MN, 56071 earns $865/mo cash flow from $2,363/mo rent with a $1,174/mo payment. Total monthly income totals $2,363/mo, and annual cash flow totals $10,382/yr on $79,527 capital. ROI tracks 32.96% on current figures, and rental yield reads 11.82% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 172.98% and total cumulative return in cash sums $137,563. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,363/mo property income instead of your personal income.
Townhouse
Built in 1998
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56071, New Prague, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,103 (100%) |
| Owner Occupied HU | 4,059 (79.5%) |
| Renter Occupied HU | 835 (16.4%) |
| Vacant Housing Units | 209 ( 4.1%) |
| Median Home Value | $425,546 |
| Average Home Value | $466,784 |
Housing Distribution
Address Breakdown
Residential
5,037
Single Family
4,633
Multi-Family
404
Businesses
337
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Listed by: Rodney D. Tietz • True Life Real Estate Solution
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6795641