716 6th StFarmingtonMN55024
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
Investment property for sale in Farmington at 716 6th St, Farmington, MN, 55024 at $239,900 posts ROI 25% with $337/mo cash flow from $1,835/mo rent. Total monthly income equals $1,835/mo, and annual cash flow records $4,046/yr on $79,527 to close. Return on cash invested measures 25% and rental yield reads 9.18% at the current $239,900. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 by year five. Five-year ROI prints 130.24% and total cumulative return in cash totals $103,579.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,835/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1924
8,712 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Laura L. Scott • RE/MAX Advantage Plus
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6607818
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