631 Iris Ln ESaint JosephMN56374
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 Joseph at 631 Iris Ln E, Saint Joseph, MN, 56374 at $325,000 posts ROI 23.44% with $317/mo cash flow from $2,347/mo rent. Total monthly income equals $2,347/mo, and annual cash flow records $3,807/yr on $107,738 to close. Return on cash invested measures 23.44% and rental yield reads 8.67% at the current $325,000. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 by year five. Five-year ROI prints 121.89% and total cumulative return in cash totals $131,317.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,347/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2003
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56374, Saint Joseph, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,771 (100%) |
| Owner Occupied HU | 2,799 (74.2%) |
| Renter Occupied HU | 707 (18.7%) |
| Vacant Housing Units | 265 ( 7.0%) |
| Median Home Value | $378,368 |
| Average Home Value | $446,848 |
Housing Distribution
Address Breakdown
Residential
3,355
Single Family
2,988
Multi-Family
367
Businesses
221
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Nearby investment properties with comparable prices
Listed by: Tyler Keller • Elite Real Estate Services
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6763756