824 Main St WSaint StephenMN56375
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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 Saint Stephen at 824 Main St W, Saint Stephen, MN, 56375 offers $3,670/mo rent that, after a $3,786/mo payment. Total monthly income is $3,670/mo. Return on cash invested measures 14.59% in year one, and rental yield stands at 5.69% at a $773,500 entry. Equity gained on principal adds $4,991/yr while 5% annual appreciation compounds into $213,704 by year five. Five-year ROI records 74.35% and total cumulative return in cash reaches $189,196. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,670/mo property income versus a $3,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
5.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56375, Saint Stephen, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 334 (100%) |
| Owner Occupied HU | 292 (87.4%) |
| Renter Occupied HU | 32 ( 9.6%) |
| Vacant Housing Units | 10 ( 3.0%) |
| Median Home Value | $442,222 |
| Average Home Value | $528,716 |
Housing Distribution
Address Breakdown
Residential
326
Single Family
326
Multi-Family
0
Businesses
13
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Listed by: Cory S. Oberg • Premier Real Estate Services
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6586254
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