704 Highland DrNew PragueMN56071
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
Investment Highlights
Rental property for sale in New Prague at 704 Highland Dr, New Prague, MN, 56071 priced at $372,900 pairs $2,762/mo rent with $434/mo cash flow after a $1,825/mo payment. Total monthly income equals $2,762/mo, and annual cash flow comes to $5,203/yr on $123,616 invested. Return on cash invested is 24.12% in year one, and rental yield stands at 8.89% on a $372,900 basis. Equity gained on principal adds $2,406/yr, and 5% annual appreciation accumulates to $103,025 by year five. Five-year ROI measures 125.49% and total cumulative return in cash reaches $155,128. For financing, Ziffy Mortgage’s DSCR program evaluates $2,762/mo property income against a $1,825/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56071, New Prague, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,103 (100%) |
| Owner Occupied HU | 4,059 (79.5%) |
| Renter Occupied HU | 835 (16.4%) |
| Vacant Housing Units | 209 ( 4.1%) |
| Median Home Value | $425,546 |
| Average Home Value | $466,784 |
Housing Distribution
Address Breakdown
Residential
5,037
Single Family
4,633
Multi-Family
404
Businesses
337
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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