850 60th Ave SWDanversMN56231
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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 Danvers at 850 60th Ave SW, Danvers, MN, 56231 generates $0/mo in rent, after a $2,104/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.69% in year one, and rental yield is 0% on a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation builds toward $118,773 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
8.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56231, Danvers, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 163 (100%) |
| Owner Occupied HU | 124 (76.1%) |
| Renter Occupied HU | 11 ( 6.7%) |
| Vacant Housing Units | 28 (17.2%) |
| Median Home Value | $288,462 |
| Average Home Value | $358,952 |
Housing Distribution
Address Breakdown
Residential
136
Single Family
136
Multi-Family
0
Businesses
11
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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Jason VonBank • Coldwell Banker Crown Realtors
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6743781
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