811 Morrison AveAnnandaleMN55302
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
Rental property for sale in Annandale at 811 Morrison Ave, Annandale, MN, 55302 offers $3,103/mo rent that, after a $1,835/mo payment, leaves $762/mo cash flow. Total monthly income is $3,103/mo, and annual cash flow is $9,141/yr on $124,313 cash. Return on cash invested measures 27.26% in year one, and rental yield stands at 9.93% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 142.35% and total cumulative return in cash reaches $176,955. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,103/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55302, Annandale, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,240 (100%) |
| Owner Occupied HU | 2,701 (63.7%) |
| Renter Occupied HU | 487 (11.5%) |
| Vacant Housing Units | 1,052 (24.8%) |
| Median Home Value | $457,950 |
| Average Home Value | $488,936 |
Housing Distribution
Address Breakdown
Residential
3,257
Single Family
3,042
Multi-Family
215
Businesses
221
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices