6101 Mill Run RdMonticelloMN55362
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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 Monticello at 6101 Mill Run Rd, Monticello, MN, 55362 uses $86,157 cash to close to unlock $10,106/yr annual cash flow and $842/mo monthly cash flow. Total monthly income runs $2,465/mo, and a $1,272/mo payment keeps the spread at $842/mo. Purchase price stands at $259,900, and rental yield measures 11.38% with $2,465/mo rent. Return on cash invested shows 31.64% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 165.87% and total cumulative return in cash records $142,906. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,465/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 1997
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55362, Monticello, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,276 (100%) |
| Owner Occupied HU | 6,225 (75.2%) |
| Renter Occupied HU | 1,750 (21.1%) |
| Vacant Housing Units | 301 ( 3.6%) |
| Median Home Value | $358,209 |
| Average Home Value | $406,696 |
Housing Distribution
Address Breakdown
Residential
8,051
Single Family
6,827
Multi-Family
1,224
Businesses
606
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Listed by: Christopher D Long • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6820500