1008 Sunrise CirPark RapidsMN56470
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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
Rental property for sale in Park Rapids at 1008 Sunrise Cir, Park Rapids, MN, 56470 priced at $269,900 pairs $2,105/mo rent with $420/mo cash flow after a $1,321/mo payment. Total monthly income equals $2,105/mo, and annual cash flow comes to $5,036/yr on $89,472 invested. Return on cash invested is 25.54% in year one, and rental yield stands at 9.36% on a $269,900 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,568 by year five. Five-year ROI measures 133.12% and total cumulative return in cash reaches $119,106. For financing, Ziffy Mortgage’s DSCR program evaluates $2,105/mo property income against a $1,321/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56470, Park Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,740 (100%) |
| Owner Occupied HU | 3,454 (44.6%) |
| Renter Occupied HU | 1,309 (16.9%) |
| Vacant Housing Units | 2,977 (38.5%) |
| Median Home Value | $326,377 |
| Average Home Value | $407,613 |
Housing Distribution
Address Breakdown
Residential
5,787
Single Family
5,077
Multi-Family
710
Businesses
542
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Listed by: Rachel Eberhart • Keller Williams Realty Professionals
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6718459