722 Main St WCannon FallsMN55009
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 Cannon Falls at 722 Main St W, Cannon Falls, MN, 55009 listed at $290,000 pairs $1,759/mo rent with a $1,419/mo payment. Total monthly income runs $1,759/mo. Return on cash invested measures 15.52% in year one, and rental yield registers 7.28% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 80.75% and total cumulative return in cash totals $77,632. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,759/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2000
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55009, Cannon Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 2,726 (74.7%) |
| Renter Occupied HU | 725 (19.9%) |
| Vacant Housing Units | 199 ( 5.5%) |
| Median Home Value | $379,935 |
| Average Home Value | $421,616 |
Housing Distribution
Address Breakdown
Residential
3,538
Single Family
3,176
Multi-Family
362
Businesses
279
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Nearby investment properties with comparable prices
Listed by: David C. Campbell • Weichert, REALTORS- Heartland
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6658814
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