608 1st St NMontroseMN55363
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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 Montrose at 608 1st St N, Montrose, MN, 55363 earns from $1,919/mo rent with a $1,522/mo payment. Total monthly income totals $1,919/mo. ROI tracks 18.19% on current figures, and rental yield reads 7.41% at a $310,900 purchase. Equity gained on principal adds $2,006/yr, and 5% annual appreciation supports $85,896 over five years. Five-year ROI reaches 94.25% and total cumulative return in cash sums $97,142. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,919/mo property income instead of your personal income.
Single Family
Built in 2002
N/A lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55363, Montrose, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,941 (100%) |
| Owner Occupied HU | 1,608 (82.8%) |
| Renter Occupied HU | 265 (13.7%) |
| Vacant Housing Units | 68 ( 3.5%) |
| Median Home Value | $362,338 |
| Average Home Value | $403,206 |
Housing Distribution
Address Breakdown
Residential
1,943
Single Family
1,738
Multi-Family
205
Businesses
54
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