810 S Mill StRedwood FallsMN56283
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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
Rental property for sale in Redwood Falls at 810 S Mill St, Redwood Falls, MN, 56283 priced at $168,000 converts $1,327/mo rent into $278/mo cash flow after a $822/mo obligation. Total monthly income equals $1,327/mo, and annual cash flow totals $3,338/yr on $55,692 invested. Return on cash invested prints 25.9% in year one, and rental yield reads 9.48% against a $168,000 entry. Equity gained on principal adds $1,084/yr, while 5% annual appreciation compiles into $46,415 by year five. Five-year ROI reaches 135.13% and total cumulative return in cash sums $75,257. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,327/mo property income covering a $822/mo payment, not borrower’s personal income.
Single Family
Built in 1888
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56283, Redwood Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 1,951 (64.2%) |
| Renter Occupied HU | 783 (25.7%) |
| Vacant Housing Units | 307 (10.1%) |
| Median Home Value | $215,722 |
| Average Home Value | $280,286 |
Housing Distribution
Address Breakdown
Residential
2,963
Single Family
2,551
Multi-Family
412
Businesses
317
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Listed by: Geri L. Theis • Scenic City Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6802796