703 3rd St SEllendaleMN56026
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Ellendale rentals match the income profile of 703 3rd St S, Ellendale, MN, 56026. Listed at $187,000, gross rent is $2,743/mo and net cash flow is $1,575/mo, a 17.6% yield well above national averages. DSCR 3.26 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $51,665 by year five with $1,722/yr in annual principal reduction, projecting $172,334 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.6% | 6.8% |
| Monthly Cash Flow | $1,575 | $250 |
City averages based on Ellendale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,743 |
| Total Monthly Debt Service | $1,093 |
| DSCR Ratio | 2.51x |
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 1974
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56026, Ellendale, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 916 (100%) |
| Owner Occupied HU | 686 (74.9%) |
| Renter Occupied HU | 136 (14.8%) |
| Vacant Housing Units | 94 (10.3%) |
| Median Home Value | $306,011 |
| Average Home Value | $350,394 |
Housing Distribution
Address Breakdown
Residential
726
Single Family
687
Multi-Family
39
Businesses
39
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 1974
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56026, Ellendale, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 916 (100%) |
| Owner Occupied HU | 686 (74.9%) |
| Renter Occupied HU | 136 (14.8%) |
| Vacant Housing Units | 94 (10.3%) |
| Median Home Value | $306,011 |
| Average Home Value | $350,394 |
Housing Distribution
Address Breakdown
Residential
726
Single Family
687
Multi-Family
39
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices