621 8th Ave NSaint CloudMN56303
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 Saint Cloud at 621 8th Ave N, Saint Cloud, MN, 56303 uses $79,527 cash to close to unlock $1,178/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $1,596/mo, and a $1,174/mo payment keeps the spread at $98/mo. Purchase price stands at $239,900, and rental yield measures 7.98% with $1,596/mo rent. Return on cash invested shows 21.39% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 110.91% and total cumulative return in cash records $88,207. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,596/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1890
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56303, Saint Cloud, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,843 (100%) |
| Owner Occupied HU | 7,277 (56.7%) |
| Renter Occupied HU | 4,998 (38.9%) |
| Vacant Housing Units | 568 ( 4.4%) |
| Median Home Value | $267,591 |
| Average Home Value | $314,287 |
Housing Distribution
Address Breakdown
Residential
12,151
Single Family
8,900
Multi-Family
3,251
Businesses
536
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe C Jones • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6768025