740 E BroadwayPlainviewMN55964
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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 Plainview at 740 E Broadway, Plainview, MN, 55964 uses $42,764 cash to close to unlock $2,434/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $1,008/mo, and a $631/mo payment keeps the spread at $203/mo. Purchase price stands at $129,000, and rental yield measures 9.38% with $1,008/mo rent. Return on cash invested shows 25.6% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 133.46% and total cumulative return in cash records $57,073. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,008/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1890
9,452 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55964, Plainview, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,898 (100%) |
| Owner Occupied HU | 1,367 (72.0%) |
| Renter Occupied HU | 372 (19.6%) |
| Vacant Housing Units | 159 ( 8.4%) |
| Median Home Value | $265,191 |
| Average Home Value | $309,996 |
Housing Distribution
Address Breakdown
Residential
1,844
Single Family
1,754
Multi-Family
90
Businesses
139
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