614 Meldahl LnNorthfieldMN55057
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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
Rental property for sale in Northfield at 614 Meldahl Ln, Northfield, MN, 55057 offers $2,437/mo rent that, after a $1,806/mo payment, leaves $133/mo cash flow. Total monthly income is $2,437/mo, and annual cash flow is $1,594/yr on $122,324 cash. Return on cash invested measures 21.21% in year one, and rental yield stands at 7.93% at a $369,000 entry. Equity gained on principal adds $2,381/yr while 5% annual appreciation compounds into $101,948 by year five. Five-year ROI records 109.9% and total cumulative return in cash reaches $134,439. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,437/mo property income versus a $1,806/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
5,793 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55057, Northfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,293 (100%) |
| Owner Occupied HU | 6,437 (69.3%) |
| Renter Occupied HU | 2,481 (26.7%) |
| Vacant Housing Units | 375 ( 4.0%) |
| Median Home Value | $417,495 |
| Average Home Value | $445,045 |
Housing Distribution
Address Breakdown
Residential
9,069
Single Family
7,083
Multi-Family
1,986
Businesses
694
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Listed by: Michael T. Jordan • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7006109