610 E 2nd StGracevilleMN56240
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 610 E 2nd St, Graceville, MN, 56240 in Graceville hard to pass up. The 11.33% gross yield on a $197,000 purchase results in $1,860/mo in rent and $630/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.10). Annual cash flow of $7,558, five-year appreciation of $54,427, and $1,814/yr in equity build-up combine for a projected total cumulative return of $115,306.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 5.0% |
| Monthly Cash Flow | $630 | $350 |
City averages based on Graceville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,860 |
| Total Monthly Debt Service | $1,152 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1964
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56240, Graceville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 419 (100%) |
| Owner Occupied HU | 285 (68.0%) |
| Renter Occupied HU | 71 (16.9%) |
| Vacant Housing Units | 63 (15.0%) |
| Median Home Value | $150,403 |
| Average Home Value | $203,404 |
Housing Distribution
Address Breakdown
Residential
278
Single Family
229
Multi-Family
49
Businesses
38
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
Single Family
Built in 1964
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56240, Graceville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 419 (100%) |
| Owner Occupied HU | 285 (68.0%) |
| Renter Occupied HU | 71 (16.9%) |
| Vacant Housing Units | 63 (15.0%) |
| Median Home Value | $150,403 |
| Average Home Value | $203,404 |
Housing Distribution
Address Breakdown
Residential
278
Single Family
229
Multi-Family
49
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7112846