826 3rd StNicolletMN56074
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 826 3rd St, Nicollet, MN, 56074 in Nicollet at $259,900 earns $1,795/mo in rent and nets $172/mo after the $1,169/mo payment, a 8.29% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $71,806 over five years. Ziffy Mortgage underwrites this on a 1.54 DSCR without U.S. credit history. With $2,394/yr in principal paydown, total projected return reaches $109,716.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.0% |
| Monthly Cash Flow | $172 | $450 |
City averages based on Nicollet market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,795 |
| Total Monthly Debt Service | $1,520 |
| DSCR Ratio | 1.18x |
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 1910
0.33 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
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 1910
0.33 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices