703 6th St NEStewartvilleMN55976
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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 Stewartville at 703 6th St NE, Stewartville, MN, 55976 generates $1,799/mo in rent and, after a $1,321/mo payment, leaves $114/mo in cash flow. Total monthly income is $1,799/mo, and annual cash flow is $1,364/yr on $89,472 invested. Return on cash invested sits at 21.43% in year one, and rental yield is 8% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 111.1% and total cumulative return in cash sums $99,402. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,799/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55976, Stewartville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,497 (100%) |
| Owner Occupied HU | 2,687 (76.8%) |
| Renter Occupied HU | 683 (19.5%) |
| Vacant Housing Units | 127 ( 3.6%) |
| Median Home Value | $394,668 |
| Average Home Value | $425,922 |
Housing Distribution
Address Breakdown
Residential
3,404
Single Family
3,119
Multi-Family
285
Businesses
183
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Listed by: Michael Grob • Re/Max Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6818311