932 McDermott AveKandiyohiMN56251
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 932 McDermott Ave, Kandiyohi, MN, 56251 in Kandiyohi worth modelling. At $224,900 with a 7.56% gross yield, the $1,417/mo rent leaves $13/mo after the $1,011/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.40 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $62,136 by year five; $2,071/yr in principal reduction adds further equity. Total projected return: $86,199.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 7.0% |
| Monthly Cash Flow | $13 | $650 |
City averages based on Kandiyohi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,417 |
| Total Monthly Debt Service | $1,315 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2002
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56251, Kandiyohi, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 451 (100%) |
| Owner Occupied HU | 331 (73.4%) |
| Renter Occupied HU | 95 (21.1%) |
| Vacant Housing Units | 25 ( 5.5%) |
| Median Home Value | $326,786 |
| Average Home Value | $373,520 |
Housing Distribution
Address Breakdown
Residential
327
Single Family
279
Multi-Family
48
Businesses
20
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
Manufactured
Built in 2002
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56251, Kandiyohi, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 451 (100%) |
| Owner Occupied HU | 331 (73.4%) |
| Renter Occupied HU | 95 (21.1%) |
| Vacant Housing Units | 25 ( 5.5%) |
| Median Home Value | $326,786 |
| Average Home Value | $373,520 |
Housing Distribution
Address Breakdown
Residential
327
Single Family
279
Multi-Family
48
Businesses
20
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices