6788 39th Ave NW #118GarfieldMN56332
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 6788 39th Ave NW #118, Garfield, MN, 56332 in Garfield. Rental yield 5.41%. At $424,900 with 5.41% gross yield, current distributions are modest, but the 5% appreciation rate projects $117,392 in new equity by year five, complemented by $3,913/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.00) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $113,714.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.4% | 5.8% |
| Monthly Cash Flow | $(738) | $300 |
City averages based on Garfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,915 |
| Total Monthly Debt Service | $2,484 |
| DSCR Ratio | 0.77x |
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 1979
7.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56332, Garfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 509 (69.1%) |
| Renter Occupied HU | 50 ( 6.8%) |
| Vacant Housing Units | 178 (24.2%) |
| Median Home Value | $392,500 |
| Average Home Value | $440,147 |
Housing Distribution
Address Breakdown
Residential
600
Single Family
600
Multi-Family
0
Businesses
32
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 1979
7.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56332, Garfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 509 (69.1%) |
| Renter Occupied HU | 50 ( 6.8%) |
| Vacant Housing Units | 178 (24.2%) |
| Median Home Value | $392,500 |
| Average Home Value | $440,147 |
Housing Distribution
Address Breakdown
Residential
600
Single Family
600
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrick Collins • Coldwell Banker Crown Realtors
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6704617
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