701 3rd St WNorthfieldMN55057
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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
Investment property for sale in Northfield at 701 3rd St W, Northfield, MN, 55057 earns $248/mo cash flow from $2,496/mo rent with a $1,762/mo payment. Total monthly income totals $2,496/mo, and annual cash flow totals $2,978/yr on $119,307 capital. ROI tracks 22.4% on current figures, and rental yield reads 8.32% at a $359,900 purchase. Equity gained on principal adds $2,322/yr, and 5% annual appreciation supports $99,434 over five years. Five-year ROI reaches 116.32% and total cumulative return in cash sums $138,782. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,496/mo property income instead of your personal income.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55057, Northfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,293 (100%) |
| Owner Occupied HU | 6,437 (69.3%) |
| Renter Occupied HU | 2,481 (26.7%) |
| Vacant Housing Units | 375 ( 4.0%) |
| Median Home Value | $417,495 |
| Average Home Value | $445,045 |
Housing Distribution
Address Breakdown
Residential
9,069
Single Family
7,083
Multi-Family
1,986
Businesses
694
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Listed by: Lacie Nelson • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6777677