103 Ridgebrook DrCannon FallsMN55009
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
Investment Highlights
Rental property for sale in Cannon Falls at 103 Ridgebrook Dr, Cannon Falls, MN, 55009 priced at $345,747 pairs $2,920/mo rent with $563/mo cash flow after a $1,692/mo payment. Total monthly income equals $2,920/mo, and annual cash flow comes to $6,751/yr on $114,615 invested. Return on cash invested is 25.8% in year one, and rental yield stands at 10.13% on a $345,747 basis. Equity gained on principal adds $2,231/yr, and 5% annual appreciation accumulates to $95,524 by year five. Five-year ROI measures 135.26% and total cumulative return in cash reaches $155,027. For financing, Ziffy Mortgage’s DSCR program evaluates $2,920/mo property income against a $1,692/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1993
0.72 Acres lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55009, Cannon Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 2,726 (74.7%) |
| Renter Occupied HU | 725 (19.9%) |
| Vacant Housing Units | 199 ( 5.5%) |
| Median Home Value | $379,935 |
| Average Home Value | $421,616 |
Housing Distribution
Address Breakdown
Residential
3,538
Single Family
3,176
Multi-Family
362
Businesses
279
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Nearby investment properties with comparable prices
Listed by: Lisa Lundell • Cannon Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6810961
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