706 3rd Ave NEDilworthMN56529
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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 Dilworth at 706 3rd Ave NE, Dilworth, MN, 56529 priced at $312,900 converts $2,788/mo rent into $816/mo cash flow after a $1,531/mo obligation. Total monthly income equals $2,788/mo, and annual cash flow totals $9,787/yr on $103,726 invested. Return on cash invested prints 29.34% in year one, and rental yield reads 10.69% against a $312,900 entry. Equity gained on principal adds $2,019/yr, while 5% annual appreciation compiles into $86,449 by year five. Five-year ROI reaches 153.61% and total cumulative return in cash sums $159,330. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,788/mo property income covering a $1,531/mo payment, not borrower’s personal income.
Multi Family
Built in 2019
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56529, Dilworth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,928 (100%) |
| Owner Occupied HU | 1,334 (69.2%) |
| Renter Occupied HU | 487 (25.3%) |
| Vacant Housing Units | 107 ( 5.5%) |
| Median Home Value | $336,181 |
| Average Home Value | $443,460 |
Housing Distribution
Address Breakdown
Residential
1,867
Single Family
1,420
Multi-Family
447
Businesses
107
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Listed by: Anne McDonagh • Dakota Plains Realty
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6615901
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.