901 8th Ave NERiceMN56367
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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
Investment property for sale in Rice at 901 8th Ave NE, Rice, MN, 56367 listed at $399,000 pairs $1,897/mo rent with a $1,953/mo payment. Total monthly income runs $1,897/mo. Return on cash invested measures 14.51% in year one, and rental yield registers 5.71% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 74% and total cumulative return in cash totals $97,874. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,897/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56367, Rice, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,949 (100%) |
| Owner Occupied HU | 2,545 (86.3%) |
| Renter Occupied HU | 240 ( 8.1%) |
| Vacant Housing Units | 164 ( 5.6%) |
| Median Home Value | $321,788 |
| Average Home Value | $368,863 |
Housing Distribution
Address Breakdown
Residential
2,781
Single Family
2,712
Multi-Family
69
Businesses
125
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