632 2nd St NWNew PragueMN56071
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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
Investment property for sale in New Prague at 632 2nd St NW, New Prague, MN, 56071 earns $841/mo cash flow from $2,308/mo rent with a $1,150/mo payment. Total monthly income totals $2,308/mo, and annual cash flow totals $10,089/yr on $77,903 capital. ROI tracks 32.86% on current figures, and rental yield reads 11.79% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 172.36% and total cumulative return in cash sums $134,272. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,308/mo property income instead of your personal income.
Townhouse
Built in 1998
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56071, New Prague, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,103 (100%) |
| Owner Occupied HU | 4,059 (79.5%) |
| Renter Occupied HU | 835 (16.4%) |
| Vacant Housing Units | 209 ( 4.1%) |
| Median Home Value | $425,546 |
| Average Home Value | $466,784 |
Housing Distribution
Address Breakdown
Residential
5,037
Single Family
4,633
Multi-Family
404
Businesses
337
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Listed by: Nina Lyakh • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6815841