840 Fremont St ENorthfieldMN55057
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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 Northfield at 840 Fremont St E, Northfield, MN, 55057 priced at $424,000 pairs $2,394/mo rent with after a $2,075/mo payment. Total monthly income equals $2,394/mo. Return on cash invested is 17.75% in year one, and rental yield stands at 6.78% on a $424,000 basis. Equity gained on principal adds $2,736/yr, and 5% annual appreciation accumulates to $117,143 by year five. Five-year ROI measures 91.32% and total cumulative return in cash reaches $128,355. For financing, Ziffy Mortgage’s DSCR program evaluates $2,394/mo property income against a $2,075/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55057, Northfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,293 (100%) |
| Owner Occupied HU | 6,437 (69.3%) |
| Renter Occupied HU | 2,481 (26.7%) |
| Vacant Housing Units | 375 ( 4.0%) |
| Median Home Value | $417,495 |
| Average Home Value | $445,045 |
Housing Distribution
Address Breakdown
Residential
9,069
Single Family
7,083
Multi-Family
1,986
Businesses
694
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Listed by: Carol Hong • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6795794