619 Fir Ave NEMontgomeryMN56069
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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 Montgomery at 619 Fir Ave NE, Montgomery, MN, 56069 priced at $274,900 pairs $2,573/mo rent with $857/mo cash flow after a $1,346/mo payment. Total monthly income equals $2,573/mo, and annual cash flow comes to $10,283/yr on $91,129 invested. Return on cash invested is 31.19% in year one, and rental yield stands at 11.23% on a $274,900 basis. Equity gained on principal adds $1,774/yr, and 5% annual appreciation accumulates to $75,950 by year five. Five-year ROI measures 163.42% and total cumulative return in cash reaches $148,923. For financing, Ziffy Mortgage’s DSCR program evaluates $2,573/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2004
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56069, Montgomery, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,200 (100%) |
| Owner Occupied HU | 1,638 (74.5%) |
| Renter Occupied HU | 419 (19.0%) |
| Vacant Housing Units | 143 ( 6.5%) |
| Median Home Value | $347,687 |
| Average Home Value | $457,990 |
Housing Distribution
Address Breakdown
Residential
2,100
Single Family
1,997
Multi-Family
103
Businesses
140
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Listed by: Jordan Johnson • Edina Realty Inc. Mankato
Mls Name: RASM
Mls ID: #7038896