68624 State Highway 24KimballMN55353
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 Kimball at 68624 State Highway 24, Kimball, MN, 55353 offers a 5.54% rental yield on a $439,990 purchase with $2,030/mo rent. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,561 over five years. Portfolio math shows five-year ROI at 71.27% and total cumulative return in cash at $103,951. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,030/mo property income against a $2,154/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
3.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55353, Kimball, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,482 (100%) |
| Owner Occupied HU | 1,133 (76.5%) |
| Renter Occupied HU | 172 (11.6%) |
| Vacant Housing Units | 177 (11.9%) |
| Median Home Value | $419,382 |
| Average Home Value | $489,689 |
Housing Distribution
Address Breakdown
Residential
1,135
Single Family
1,119
Multi-Family
16
Businesses
79
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices