824 4th StNicolletMN56074
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
Investment property for sale in Nicollet at 824 4th St, Nicollet, MN, 56074 offers a 9.48% rental yield on a $175,000 purchase with $1,383/mo rent. Total monthly income registers $1,383/mo, and a $857/mo payment leaves $290/mo available for distribution. Annual cash flow reaches $3,477/yr on $58,013 to close, and return on cash invested stands at 25.9% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 135.07% and total cumulative return in cash at $78,355. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,383/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1914
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56074, Nicollet, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 810 (100%) |
| Owner Occupied HU | 628 (77.5%) |
| Renter Occupied HU | 157 (19.4%) |
| Vacant Housing Units | 25 ( 3.1%) |
| Median Home Value | $337,662 |
| Average Home Value | $367,512 |
Housing Distribution
Address Breakdown
Residential
417
Single Family
388
Multi-Family
29
Businesses
48
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