614 3rd StMorganMN56266
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 Morgan at 614 3rd St, Morgan, MN, 56266 at $126,900 posts ROI 61.35% with $1,453/mo cash flow from $2,353/mo rent. Total monthly income equals $2,353/mo, and annual cash flow records $17,434/yr on $42,067 to close. Return on cash invested measures 61.35% and rental yield reads 22.25% at the current $126,900. Equity gained on principal adds $819/yr, and 5% annual appreciation supports $35,060 by year five. Five-year ROI prints 326.28% and total cumulative return in cash totals $137,257.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,353/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56266, Morgan, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 720 (100%) |
| Owner Occupied HU | 558 (77.5%) |
| Renter Occupied HU | 87 (12.1%) |
| Vacant Housing Units | 75 (10.4%) |
| Median Home Value | $176,429 |
| Average Home Value | $228,732 |
Housing Distribution
Address Breakdown
Residential
454
Single Family
445
Multi-Family
9
Businesses
54
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Jacobson • Minnesota Lands and Homes Real Estate
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6587899
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