6844 140th Ave NESpicerMN56288
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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 Spicer at 6844 140th Ave NE, Spicer, MN, 56288 generates $3,325/mo in rent, after a $2,936/mo payment. Total monthly income is $3,325/mo. Return on cash invested sits at 17.5% in year one, and rental yield is 6.65% on a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 89.99% and total cumulative return in cash sums $177,604. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,325/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
1.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56288, Spicer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,839 (100%) |
| Owner Occupied HU | 1,640 (57.8%) |
| Renter Occupied HU | 315 (11.1%) |
| Vacant Housing Units | 884 (31.1%) |
| Median Home Value | $443,939 |
| Average Home Value | $537,343 |
Housing Distribution
Address Breakdown
Residential
2,193
Single Family
2,086
Multi-Family
107
Businesses
140
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