640 Minnesota Ave SOronocoMN55960
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 Oronoco at 640 Minnesota Ave S, Oronoco, MN, 55960 at $384,900 posts ROI 22.38% with $262/mo cash flow from $2,666/mo rent. Total monthly income equals $2,666/mo, and annual cash flow records $3,149/yr on $127,594 to close. Return on cash invested measures 22.38% and rental yield reads 8.31% at the current $384,900. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,341 by year five. Five-year ROI prints 116.16% and total cumulative return in cash totals $148,215.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,666/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1920
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55960, Oronoco, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,689 (100%) |
| Owner Occupied HU | 1,478 (87.5%) |
| Renter Occupied HU | 128 ( 7.6%) |
| Vacant Housing Units | 83 ( 4.9%) |
| Median Home Value | $560,640 |
| Average Home Value | $590,575 |
Housing Distribution
Address Breakdown
Residential
1,381
Single Family
1,163
Multi-Family
218
Businesses
51
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alex Brainard • Harbor Realty & Management Group LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6693134
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