609 Lily LnAdaMN56510
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 Ada at 609 Lily Ln, Ada, MN, 56510 offers $0/mo rent that, after a $808/mo payment. Total monthly income is $0/mo. Return on cash invested measures -2.7% in year one, and rental yield stands at 0% at a $165,000 entry. Equity gained on principal adds $1,065/yr while 5% annual appreciation compounds into $45,586 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $808/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.47 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56510, Ada, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,117 (100%) |
| Owner Occupied HU | 723 (64.7%) |
| Renter Occupied HU | 247 (22.1%) |
| Vacant Housing Units | 147 (13.2%) |
| Median Home Value | $169,360 |
| Average Home Value | $221,387 |
Housing Distribution
Address Breakdown
Residential
1,005
Single Family
885
Multi-Family
120
Businesses
159
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices