926 2nd St SNew UlmMN56073
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
Investment Highlights
Investment property for sale in New Ulm at 926 2nd St S, New Ulm, MN, 56073 uses $66,267 cash to close to unlock $6,782/yr annual cash flow and $565/mo monthly cash flow. Total monthly income runs $1,813/mo, and a $978/mo payment keeps the spread at $565/mo. Purchase price stands at $199,900, and rental yield measures 10.88% with $1,813/mo rent. Return on cash invested shows 30.14% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 157.84% and total cumulative return in cash records $104,593. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,813/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1893
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56073, New Ulm, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,755 (100%) |
| Owner Occupied HU | 5,599 (72.2%) |
| Renter Occupied HU | 1,724 (22.2%) |
| Vacant Housing Units | 432 ( 5.6%) |
| Median Home Value | $237,607 |
| Average Home Value | $276,836 |
Housing Distribution
Address Breakdown
Residential
7,563
Single Family
6,236
Multi-Family
1,327
Businesses
600
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Listed by: Reanne Meyer • EXIT Realty - Great Plains Mankato
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6573006
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