904 8th StNicolletMN56074
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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 Nicollet at 904 8th St, Nicollet, MN, 56074 listed at $332,000 pairs $960/mo rent with a $1,625/mo payment. Total monthly income runs $960/mo. Return on cash invested measures 7.77% in year one, and rental yield registers 3.47% at a $332,000 basis. Equity gained on principal adds $2,142/yr, and annual property appreciation at 5% supports $91,725 by year five. Five-year ROI tracks 37.83% and total cumulative return in cash totals $41,631. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $960/mo property income relative to a $1,625/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
0.27 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
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