614 2nd St NWNew PragueMN56071
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
Investment Highlights
Investment property for sale in New Prague at 614 2nd St NW, New Prague, MN, 56071 offers a 8.29% rental yield on a $238,900 purchase with $1,650/mo rent. Total monthly income registers $1,650/mo, and a $1,169/mo payment leaves $158/mo available for distribution. Annual cash flow reaches $1,902/yr on $79,195 to close, and return on cash invested stands at 22.31% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,004 over five years. Portfolio math shows five-year ROI at 115.82% and total cumulative return in cash at $91,721. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,650/mo property income against a $1,169/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1998
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56071, New Prague, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,103 (100%) |
| Owner Occupied HU | 4,059 (79.5%) |
| Renter Occupied HU | 835 (16.4%) |
| Vacant Housing Units | 209 ( 4.1%) |
| Median Home Value | $425,546 |
| Average Home Value | $466,784 |
Housing Distribution
Address Breakdown
Residential
5,037
Single Family
4,633
Multi-Family
404
Businesses
337
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nick McGuiggan • ERA Prospera Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6795985