616 4th Ave NWFaribaultMN55021
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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 Faribault at 616 4th Ave NW, Faribault, MN, 55021 offers a 9.91% rental yield on a $249,000 purchase with $2,057/mo rent. Total monthly income registers $2,057/mo, and a $1,219/mo payment leaves $502/mo available for distribution. Annual cash flow reaches $6,022/yr on $82,544 to close, and return on cash invested stands at 27.2% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 142.04% and total cumulative return in cash at $117,248. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,057/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55021, Faribault, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,145 (100%) |
| Owner Occupied HU | 7,913 (65.2%) |
| Renter Occupied HU | 3,251 (26.8%) |
| Vacant Housing Units | 981 ( 8.1%) |
| Median Home Value | $336,085 |
| Average Home Value | $370,419 |
Housing Distribution
Address Breakdown
Residential
11,925
Single Family
9,851
Multi-Family
2,074
Businesses
825
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Nearby investment properties with comparable prices
Listed by: Joan Hunt • Weichert, REALTORS- Heartland
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6630374
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