66 Anderson Addition RdNorthomeMN56661
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 66 Anderson Addition Rd, Northome, MN, 56661 in Northome fits: $333,000, 3.94% gross yield, and a projected 5% annual appreciation rate adding $92,002 in value within five years. Rental yield 3.94%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.86) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $3,067/yr in principal paydown and $92,002 in appreciation project a total return of $75,353.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.9% | 7.5% |
| Monthly Cash Flow | $(985) | $350 |
City averages based on Northome market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,286 |
| Total Monthly Debt Service | $1,947 |
| DSCR Ratio | 0.66x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1980
14.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56661, Northome, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 691 (100%) |
| Owner Occupied HU | 331 (47.9%) |
| Renter Occupied HU | 43 ( 6.2%) |
| Vacant Housing Units | 317 (45.9%) |
| Median Home Value | $207,738 |
| Average Home Value | $261,601 |
Housing Distribution
Address Breakdown
Residential
344
Single Family
334
Multi-Family
10
Businesses
42
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 1980
14.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56661, Northome, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 691 (100%) |
| Owner Occupied HU | 331 (47.9%) |
| Renter Occupied HU | 43 ( 6.2%) |
| Vacant Housing Units | 317 (45.9%) |
| Median Home Value | $207,738 |
| Average Home Value | $261,601 |
Housing Distribution
Address Breakdown
Residential
344
Single Family
334
Multi-Family
10
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe Jump • Johnson Hometown Realty
Mls Name: Range AOR
Mls ID: #148414
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.