803 2nd Ave SEPipestoneMN56164
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 803 2nd Ave SE, Pipestone, MN, 56164 in Pipestone hard to pass up. The 15.66% gross yield on a $200,700 purchase results in $2,620/mo in rent and $1,346/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.90). Annual cash flow of $16,151, five-year appreciation of $55,450, and $1,848/yr in equity build-up combine for a projected total cumulative return of $162,937.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.7% | 7.0% |
| Monthly Cash Flow | $1,346 | $250 |
City averages based on Pipestone market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,620 |
| Total Monthly Debt Service | $1,194 |
| DSCR Ratio | 2.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1967
10,715 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56164, Pipestone, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,625 (100%) |
| Owner Occupied HU | 1,696 (64.6%) |
| Renter Occupied HU | 645 (24.6%) |
| Vacant Housing Units | 284 (10.8%) |
| Median Home Value | $181,818 |
| Average Home Value | $210,498 |
Housing Distribution
Address Breakdown
Residential
2,591
Single Family
2,326
Multi-Family
265
Businesses
295
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
Single Family
Built in 1967
10,715 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56164, Pipestone, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,625 (100%) |
| Owner Occupied HU | 1,696 (64.6%) |
| Renter Occupied HU | 645 (24.6%) |
| Vacant Housing Units | 284 (10.8%) |
| Median Home Value | $181,818 |
| Average Home Value | $210,498 |
Housing Distribution
Address Breakdown
Residential
2,591
Single Family
2,326
Multi-Family
265
Businesses
295
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices