10163 E Gustafson RdAngoraMN55703
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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
Total monthly income runs $1,559/mo, and a $1,468/mo payment. Purchase price stands at $300,000, and rental yield measures 6.24% with $1,559/mo rent. Return on cash invested shows 16.12% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 82.58% and total cumulative return in cash records $82,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,559/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 2007
18.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55703, Angora, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 408 (100%) |
| Owner Occupied HU | 251 (61.5%) |
| Renter Occupied HU | 32 ( 7.8%) |
| Vacant Housing Units | 125 (30.6%) |
| Median Home Value | $303,125 |
| Average Home Value | $339,612 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
318
Multi-Family
0
Businesses
4
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Listed by: Darcie Rae Novak • My Place Realty, Inc.
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116447
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.