609 Loretta CirSpicerMN56288
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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 Spicer at 609 Loretta Cir, Spicer, MN, 56288 listed at $397,500 pairs $912/mo rent with a $1,946/mo payment. Total monthly income runs $912/mo. Return on cash invested measures 5.61% in year one, and rental yield registers 2.75% at a $397,500 basis. Equity gained on principal adds $2,565/yr, and annual property appreciation at 5% supports $109,822 by year five. Five-year ROI tracks 26.24% and total cumulative return in cash totals $34,571. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $912/mo property income relative to a $1,946/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56288, Spicer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,839 (100%) |
| Owner Occupied HU | 1,640 (57.8%) |
| Renter Occupied HU | 315 (11.1%) |
| Vacant Housing Units | 884 (31.1%) |
| Median Home Value | $443,939 |
| Average Home Value | $537,343 |
Housing Distribution
Address Breakdown
Residential
2,193
Single Family
2,086
Multi-Family
107
Businesses
140
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