606 S 11th StMontevideoMN56265
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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 Montevideo at 606 S 11th St, Montevideo, MN, 56265 listed at $169,900 pairs $1,180/mo rent with a $832/mo payment to leave $119/mo cash flow. Total monthly income runs $1,180/mo, and annual cash flow reaches $1,424/yr on $56,322 cash to close. Return on cash invested measures 22.44% in year one, and rental yield registers 8.33% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 116.48% and total cumulative return in cash totals $65,606. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,180/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56265, Montevideo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,389 (100%) |
| Owner Occupied HU | 2,150 (63.4%) |
| Renter Occupied HU | 914 (27.0%) |
| Vacant Housing Units | 325 ( 9.6%) |
| Median Home Value | $177,064 |
| Average Home Value | $230,790 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
2,995
Multi-Family
415
Businesses
346
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Listed by: Larry Sandven • Kuhlmann Real Estate, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6800575