616 N 9th StMontevideoMN56265
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 Montevideo at 616 N 9th St, Montevideo, MN, 56265 listed at $259,000 pairs $2,022/mo rent with a $1,268/mo payment to leave $404/mo cash flow. Total monthly income runs $2,022/mo, and annual cash flow reaches $4,852/yr on $85,859 cash to close. Return on cash invested measures 25.56% in year one, and rental yield registers 9.37% at a $259,000 basis. Equity gained on principal adds $1,671/yr, and annual property appreciation at 5% supports $71,557 by year five. Five-year ROI tracks 133.26% and total cumulative return in cash totals $114,412. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,022/mo property income relative to a $1,268/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56265, Montevideo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,389 (100%) |
| Owner Occupied HU | 2,150 (63.4%) |
| Renter Occupied HU | 914 (27.0%) |
| Vacant Housing Units | 325 ( 9.6%) |
| Median Home Value | $177,064 |
| Average Home Value | $230,790 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
2,995
Multi-Family
415
Businesses
346
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janell Welling • Hughes Real Estate and Auction
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6771493