608 Fairview CirFarmingtonMN55024
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
Rental property for sale in Farmington at 608 Fairview Cir, Farmington, MN, 55024 priced at $399,900 converts $3,335/mo rent into $838/mo cash flow after a $1,957/mo obligation. Total monthly income equals $3,335/mo, and annual cash flow totals $10,058/yr on $132,567 invested. Return on cash invested prints 27.5% in year one, and rental yield reads 10.01% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 143.64% and total cumulative return in cash sums $190,412. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,335/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.39 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nickie Kraus • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7013834