608 11th Ave SWRiceMN56367
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 Rice at 608 11th Ave SW, Rice, MN, 56367 earns from $2,092/mo rent with a $1,711/mo payment. Total monthly income totals $2,092/mo. ROI tracks 18.97% on current figures, and rental yield reads 7.18% at a $349,599 purchase. Equity gained on principal adds $2,256/yr, and 5% annual appreciation supports $96,588 over five years. Five-year ROI reaches 97.9% and total cumulative return in cash sums $113,456. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,092/mo property income instead of your personal income.
Single Family
Built in 2006
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56367, Rice, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,949 (100%) |
| Owner Occupied HU | 2,545 (86.3%) |
| Renter Occupied HU | 240 ( 8.1%) |
| Vacant Housing Units | 164 ( 5.6%) |
| Median Home Value | $321,788 |
| Average Home Value | $368,863 |
Housing Distribution
Address Breakdown
Residential
2,781
Single Family
2,712
Multi-Family
69
Businesses
125
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Nearby investment properties with comparable prices
Listed by: Andy J. Voller • Rice Real Estate Services, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6740894
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