611 3rd St SWCrosbyMN56441
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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 Crosby at 611 3rd St SW, Crosby, MN, 56441 listed at $207,000 pairs $2,160/mo rent with a $1,013/mo payment to leave $868/mo cash flow. Total monthly income runs $2,160/mo, and annual cash flow reaches $10,411/yr on $68,621 cash to close. Return on cash invested measures 35.08% in year one, and rental yield registers 12.52% at a $207,000 basis. Equity gained on principal adds $1,336/yr, and annual property appreciation at 5% supports $57,190 by year five. Five-year ROI tracks 184.31% and total cumulative return in cash totals $126,478. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $1,013/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1935
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56441, Crosby, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,354 (100%) |
| Owner Occupied HU | 1,169 (49.7%) |
| Renter Occupied HU | 570 (24.2%) |
| Vacant Housing Units | 615 (26.1%) |
| Median Home Value | $328,893 |
| Average Home Value | $364,363 |
Housing Distribution
Address Breakdown
Residential
1,705
Single Family
1,450
Multi-Family
255
Businesses
139
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Nearby investment properties with comparable prices
Listed by: Isaiah Moengen • Woods to Water Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6716593
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