801 Eclipse PkwyNew PragueMN56071
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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
Rental property for sale in New Prague at 801 Eclipse Pkwy, New Prague, MN, 56071 priced at $399,500 converts $3,128/mo rent into $634/mo cash flow after a $1,955/mo obligation. Total monthly income equals $3,128/mo, and annual cash flow totals $7,604/yr on $132,434 invested. Return on cash invested prints 25.65% in year one, and rental yield reads 9.4% against a $399,500 entry. Equity gained on principal adds $2,578/yr, while 5% annual appreciation compiles into $110,374 by year five. Five-year ROI reaches 133.7% and total cumulative return in cash sums $177,063. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,128/mo property income covering a $1,955/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56071, New Prague, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,103 (100%) |
| Owner Occupied HU | 4,059 (79.5%) |
| Renter Occupied HU | 835 (16.4%) |
| Vacant Housing Units | 209 ( 4.1%) |
| Median Home Value | $425,546 |
| Average Home Value | $466,784 |
Housing Distribution
Address Breakdown
Residential
5,037
Single Family
4,633
Multi-Family
404
Businesses
337
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Listed by: Jackie L. Lee • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6743546