615 6th St SWOronocoMN55960
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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 Oronoco at 615 6th St SW, Oronoco, MN, 55960 generates $2,591/mo in rent, after a $2,104/mo payment. Total monthly income is $2,591/mo. Return on cash invested sits at 19.12% in year one, and rental yield is 7.23% on a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 98.71% and total cumulative return in cash sums $140,671. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,591/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
3.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55960, Oronoco, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,689 (100%) |
| Owner Occupied HU | 1,478 (87.5%) |
| Renter Occupied HU | 128 ( 7.6%) |
| Vacant Housing Units | 83 ( 4.9%) |
| Median Home Value | $560,640 |
| Average Home Value | $590,575 |
Housing Distribution
Address Breakdown
Residential
1,381
Single Family
1,163
Multi-Family
218
Businesses
51
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