10255 Nevens Ave NW #46South HavenMN55382
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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
Investment property for sale in South Haven at 10255 Nevens Ave NW #46, South Haven, MN, 55382 uses $53,040 cash to close to unlock $4,740/yr annual cash flow and $395/mo monthly cash flow. Total monthly income runs $1,394/mo, and a $783/mo payment keeps the spread at $395/mo. Purchase price stands at $160,000, and rental yield measures 10.46% with $1,394/mo rent. Return on cash invested shows 28.85% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 150.84% and total cumulative return in cash records $80,006. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,394/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in 2006
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55382, South Haven, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,199 (100%) |
| Owner Occupied HU | 1,392 (63.3%) |
| Renter Occupied HU | 93 ( 4.2%) |
| Vacant Housing Units | 714 (32.5%) |
| Median Home Value | $434,328 |
| Average Home Value | $486,893 |
Housing Distribution
Address Breakdown
Residential
1,665
Single Family
1,665
Multi-Family
0
Businesses
30
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Listed by: Corey Czycalla • Oak Realty LLP
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6770507