Washington St NEAndoverMN55304
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowWashington St NE, Andover, MN, 55304 in Andover earns its strong cash-flow label: 20.66% yield, $1,980/mo rent, $1,262/mo net income, DSCR 3.83. The $115,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $31,772 by year five. Combined with $1,059/yr in principal paydown, total projected return reaches $124,847.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.7% | 7.0% |
| Monthly Cash Flow | $1,262 | $450 |
City averages based on Andover market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,980 |
| Total Monthly Debt Service | $672 |
| DSCR Ratio | 2.94x |
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.
Lot
Built in N/A
1.04 Acres lot
$N/A/sqft
No HOA
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
Lot
Built in N/A
1.04 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shawn D. Korby • Keller Williams Integrity Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6469998
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