623 E Prairie AveWarrenMN56762
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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
Rental property for sale in Warren at 623 E Prairie Ave, Warren, MN, 56762 priced at $115,000 pairs $1,110/mo rent with $392/mo cash flow after a $563/mo payment. Total monthly income equals $1,110/mo, and annual cash flow comes to $4,701/yr on $38,123 invested. Return on cash invested is 32.24% in year one, and rental yield stands at 11.58% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 169.09% and total cumulative return in cash reaches $64,461. For financing, Ziffy Mortgage’s DSCR program evaluates $1,110/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56762, Warren, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,076 (100%) |
| Owner Occupied HU | 719 (66.8%) |
| Renter Occupied HU | 235 (21.8%) |
| Vacant Housing Units | 122 (11.3%) |
| Median Home Value | $194,518 |
| Average Home Value | $217,090 |
Housing Distribution
Address Breakdown
Residential
1,135
Single Family
973
Multi-Family
162
Businesses
142
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