701 W 6th StMorrisMN56267
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 701 W 6th St, Morris, MN, 56267 in Morris hard to pass up. The 12.03% gross yield on a $174,900 purchase results in $1,753/mo in rent and $661/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.23). Annual cash flow of $7,932, five-year appreciation of $48,322, and $1,611/yr in equity build-up combine for a projected total cumulative return of $108,925.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 5.5% |
| Monthly Cash Flow | $661 | $500 |
City averages based on Morris market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,753 |
| Total Monthly Debt Service | $1,023 |
| DSCR Ratio | 1.71x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1954
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56267, Morris, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,997 (100%) |
| Owner Occupied HU | 1,589 (53.0%) |
| Renter Occupied HU | 1,041 (34.7%) |
| Vacant Housing Units | 367 (12.2%) |
| Median Home Value | $262,671 |
| Average Home Value | $312,373 |
Housing Distribution
Address Breakdown
Residential
2,810
Single Family
2,178
Multi-Family
632
Businesses
344
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 1954
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56267, Morris, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,997 (100%) |
| Owner Occupied HU | 1,589 (53.0%) |
| Renter Occupied HU | 1,041 (34.7%) |
| Vacant Housing Units | 367 (12.2%) |
| Median Home Value | $262,671 |
| Average Home Value | $312,373 |
Housing Distribution
Address Breakdown
Residential
2,810
Single Family
2,178
Multi-Family
632
Businesses
344
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices