6185 Bakken StMonticelloMN55362
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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
Investment property for sale in Monticello at 6185 Bakken St, Monticello, MN, 55362 offers a 6.79% rental yield on a $347,500 purchase with $1,966/mo rent. 78% in year one. Equity gained on principal adds $2,242/yr while 5% annual appreciation supports $96,008 over five years. Portfolio math shows five-year ROI at 91.51% and total cumulative return in cash at $105,417. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,966/mo property income against a $1,701/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.28 Acres 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
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Listed by: Kate R. Engebritson • Source One Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6812254