613 3rd Ave SSaint JamesMN56081
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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 James at 613 3rd Ave S, Saint James, MN, 56081 uses $48,068 cash to close to unlock $2,295/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,097/mo, and a $710/mo payment keeps the spread at $191/mo. Purchase price stands at $145,000, and rental yield measures 9.08% with $1,097/mo rent. Return on cash invested shows 24.68% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 128.59% and total cumulative return in cash records $61,808. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,097/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1913
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56081, Saint James, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,704 (100%) |
| Owner Occupied HU | 1,805 (66.8%) |
| Renter Occupied HU | 671 (24.8%) |
| Vacant Housing Units | 228 ( 8.4%) |
| Median Home Value | $173,364 |
| Average Home Value | $216,896 |
Housing Distribution
Address Breakdown
Residential
2,449
Single Family
2,143
Multi-Family
306
Businesses
176
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Listed by: Tom Mayberry • Mayberry Realty
Mls Name: RASM
Mls ID: #7039264