611 3rd Ave NESaint JosephMN56374
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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 Saint Joseph at 611 3rd Ave NE, Saint Joseph, MN, 56374 offers a 9.84% rental yield on a $285,000 purchase with $2,336/mo rent. Total monthly income registers $2,336/mo, and a $1,395/mo payment leaves $556/mo available for distribution. Annual cash flow reaches $6,675/yr on $94,478 to close, and return on cash invested stands at 26.97% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 140.84% and total cumulative return in cash at $133,062. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,336/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56374, Saint Joseph, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,771 (100%) |
| Owner Occupied HU | 2,799 (74.2%) |
| Renter Occupied HU | 707 (18.7%) |
| Vacant Housing Units | 265 ( 7.0%) |
| Median Home Value | $378,368 |
| Average Home Value | $446,848 |
Housing Distribution
Address Breakdown
Residential
3,355
Single Family
2,988
Multi-Family
367
Businesses
221
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Listed by: Stella Scholl • Premier Real Estate Services
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6812199