609 E Grove StRushfordMN55971
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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 Rushford at 609 E Grove St, Rushford, MN, 55971 uses $65,969 cash to close to unlock $7,600/yr annual cash flow and $633/mo monthly cash flow. Total monthly income runs $1,876/mo, and a $974/mo payment keeps the spread at $633/mo. Purchase price stands at $199,000, and rental yield measures 11.31% with $1,876/mo rent. Return on cash invested shows 31.43% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 164.76% and total cumulative return in cash records $108,690. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,876/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1928
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55971, Rushford, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,315 (100%) |
| Owner Occupied HU | 968 (73.6%) |
| Renter Occupied HU | 249 (18.9%) |
| Vacant Housing Units | 98 ( 7.5%) |
| Median Home Value | $247,015 |
| Average Home Value | $341,180 |
Housing Distribution
Address Breakdown
Residential
1,151
Single Family
1,115
Multi-Family
36
Businesses
115
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Listed by: John T Nelson • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6744067
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