711 9th St EGlencoeMN55336
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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 Glencoe at 711 9th St E, Glencoe, MN, 55336 uses $64,643 cash to close to unlock $3,525/yr annual cash flow and $294/mo monthly cash flow. Total monthly income runs $1,511/mo, and a $954/mo payment keeps the spread at $294/mo. Purchase price stands at $195,000, and rental yield measures 9.3% with $1,511/mo rent. Return on cash invested shows 25.36% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 132.17% and total cumulative return in cash records $85,438. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,511/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1913
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55336, Glencoe, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,599 (100%) |
| Owner Occupied HU | 2,583 (71.8%) |
| Renter Occupied HU | 802 (22.3%) |
| Vacant Housing Units | 214 ( 5.9%) |
| Median Home Value | $279,570 |
| Average Home Value | $324,881 |
Housing Distribution
Address Breakdown
Residential
3,497
Single Family
3,062
Multi-Family
435
Businesses
277
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