6460 Elmwood DrLorettoMN55357
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 Loretto at 6460 Elmwood Dr, Loretto, MN, 55357 offers a 8.59% rental yield on a $400,000 purchase with $2,862/mo rent. Total monthly income registers $2,862/mo, and a $1,958/mo payment leaves $364/mo available for distribution. Annual cash flow reaches $4,368/yr on $132,600 to close, and return on cash invested stands at 23.2% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 120.56% and total cumulative return in cash at $159,868. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,862/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55357, Loretto, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,114 (100%) |
| Owner Occupied HU | 980 (88.0%) |
| Renter Occupied HU | 92 ( 8.3%) |
| Vacant Housing Units | 42 ( 3.8%) |
| Median Home Value | $643,919 |
| Average Home Value | $699,258 |
Housing Distribution
Address Breakdown
Residential
1,194
Single Family
1,170
Multi-Family
24
Businesses
111
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices