644 S Nicollet StBlue EarthMN56013
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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 Blue Earth at 644 S Nicollet St, Blue Earth, MN, 56013 generates $1,596/mo in rent and, after a $856/mo payment, leaves $504/mo in cash flow. Total monthly income is $1,596/mo, and annual cash flow is $6,047/yr on $57,979 invested. Return on cash invested sits at 30.34% in year one, and rental yield is 10.95% on a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 158.85% and total cumulative return in cash sums $92,100. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,596/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56013, Blue Earth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,118 (100%) |
| Owner Occupied HU | 1,369 (64.6%) |
| Renter Occupied HU | 481 (22.7%) |
| Vacant Housing Units | 268 (12.7%) |
| Median Home Value | $185,174 |
| Average Home Value | $220,325 |
Housing Distribution
Address Breakdown
Residential
1,958
Single Family
1,758
Multi-Family
200
Businesses
242
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Nearby investment properties with comparable prices
Listed by: Carolyn Xiong • TruHomes Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6776728
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