617 Vine LnMonticelloMN55362
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 617 Vine Ln, Monticello, MN, 55362 in Monticello at $307,500 earns $2,246/mo in rent and nets $76/mo after the $1,383/mo payment, a 8.76% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $84,957 over five years. Ziffy Mortgage underwrites this on a 1.62 DSCR without U.S. credit history. With $2,832/yr in principal paydown, total projected return reaches $137,623.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.0% |
| Monthly Cash Flow | $76 | $150 |
City averages based on Monticello market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,246 |
| Total Monthly Debt Service | $1,798 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2004
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55362, Monticello, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,276 (100%) |
| Owner Occupied HU | 6,225 (75.2%) |
| Renter Occupied HU | 1,750 (21.1%) |
| Vacant Housing Units | 301 ( 3.6%) |
| Median Home Value | $358,209 |
| Average Home Value | $406,696 |
Housing Distribution
Address Breakdown
Residential
8,051
Single Family
6,827
Multi-Family
1,224
Businesses
606
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
Townhouse
Built in 2004
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55362, Monticello, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,276 (100%) |
| Owner Occupied HU | 6,225 (75.2%) |
| Renter Occupied HU | 1,750 (21.1%) |
| Vacant Housing Units | 301 ( 3.6%) |
| Median Home Value | $358,209 |
| Average Home Value | $406,696 |
Housing Distribution
Address Breakdown
Residential
8,051
Single Family
6,827
Multi-Family
1,224
Businesses
606
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kris M Schwickerath • Central MN Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6743982