677 W River DrNew LondonMN56273
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
Rental property for sale in New London at 677 W River Dr, New London, MN, 56273 priced at $625,000 pairs $1,932/mo rent with after a $3,059/mo payment. Total monthly income equals $1,932/mo. Return on cash invested is 8.56% in year one, and rental yield stands at 3.71% on a $625,000 basis. Equity gained on principal adds $4,033/yr, and 5% annual appreciation accumulates to $172,676 by year five. Five-year ROI measures 42.04% and total cumulative return in cash reaches $86,437. For financing, Ziffy Mortgage’s DSCR program evaluates $1,932/mo property income against a $3,059/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56273, New London, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,535 (100%) |
| Owner Occupied HU | 1,809 (71.4%) |
| Renter Occupied HU | 265 (10.5%) |
| Vacant Housing Units | 461 (18.2%) |
| Median Home Value | $388,316 |
| Average Home Value | $476,165 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,874
Multi-Family
122
Businesses
155
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Nearby investment properties with comparable prices
Listed by: Eric A Newman • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6684564
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-15 10:52:45 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#28) By searching NorthstarMLS listings you agree to the [NorthstarMLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)