703 N 1st StMontevideoMN56265
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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 Montevideo at 703 N 1st St, Montevideo, MN, 56265 earns $428/mo cash flow from $1,302/mo rent with a $685/mo payment. Total monthly income totals $1,302/mo, and annual cash flow totals $5,138/yr on $46,377 capital. ROI tracks 30.99% on current figures, and rental yield reads 11.17% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 162.45% and total cumulative return in cash sums $75,339. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,302/mo property income instead of your personal income.
Single Family
Built in 1887
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56265, Montevideo, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,389 (100%) |
| Owner Occupied HU | 2,150 (63.4%) |
| Renter Occupied HU | 914 (27.0%) |
| Vacant Housing Units | 325 ( 9.6%) |
| Median Home Value | $177,064 |
| Average Home Value | $230,790 |
Housing Distribution
Address Breakdown
Residential
3,410
Single Family
2,995
Multi-Family
415
Businesses
346
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Listed by: Rhonda Hammond • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6795232