633 3rd St NEBlooming PrairieMN55917
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 633 3rd St NE, Blooming Prairie, MN, 55917 in Blooming Prairie earns a 9.99% gross yield at $299,900. Rent of $2,496/mo nets $623/mo after the $1,349/mo mortgage. The 1.85 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $82,857 and $2,762/yr in equity accumulation project a total cumulative return of $153,907.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 7.0% |
| Monthly Cash Flow | $623 | $350 |
City averages based on Blooming Prairie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,496 |
| Total Monthly Debt Service | $1,753 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1979
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55917, Blooming Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,547 (100%) |
| Owner Occupied HU | 1,204 (77.8%) |
| Renter Occupied HU | 250 (16.2%) |
| Vacant Housing Units | 93 ( 6.0%) |
| Median Home Value | $253,784 |
| Average Home Value | $312,600 |
Housing Distribution
Address Breakdown
Residential
1,182
Single Family
1,162
Multi-Family
20
Businesses
116
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
Single Family
Built in 1979
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55917, Blooming Prairie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,547 (100%) |
| Owner Occupied HU | 1,204 (77.8%) |
| Renter Occupied HU | 250 (16.2%) |
| Vacant Housing Units | 93 ( 6.0%) |
| Median Home Value | $253,784 |
| Average Home Value | $312,600 |
Housing Distribution
Address Breakdown
Residential
1,182
Single Family
1,162
Multi-Family
20
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7034681