612 Spruce StFarmingtonMN55024
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow612 Spruce St, Farmington, MN, 55024 in Farmington is a top-tier cash-flow asset. At $304,900 it produces $2,563/mo in rent and $659/mo in net monthly income, a 10.09% gross rental yield. The DSCR of 1.87 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $7,911. Five-year appreciation adds $84,238, driving a total cumulative return of $158,141.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 4.8% |
| Monthly Cash Flow | $659 | $1,850 |
City averages based on Farmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,563 |
| Total Monthly Debt Service | $1,783 |
| DSCR Ratio | 1.44x |
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 1913
10,018 sqft lot
$N/A/sqft
No HOA
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 1913
10,018 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Louie Ramirez • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6785663