10402 Elm LnRogersMN55374
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 Rogers at 10402 Elm Ln, Rogers, MN, 55374 generates $2,640/mo in rent, after a $3,965/mo payment. Total monthly income is $2,640/mo. Return on cash invested sits at 8.07% in year one, and rental yield is 3.91% on a $810,000 entry. Equity gained on principal adds $5,227/yr, while 5% annual appreciation builds toward $223,788 over five years. Five-year ROI reaches 39.78% and total cumulative return in cash sums $105,999. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
0.83 Acres lot
$N/A/sqft
$245 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55374, Rogers, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,914 (100%) |
| Owner Occupied HU | 5,798 (83.9%) |
| Renter Occupied HU | 919 (13.3%) |
| Vacant Housing Units | 197 ( 2.8%) |
| Median Home Value | $461,435 |
| Average Home Value | $505,519 |
Housing Distribution
Address Breakdown
Residential
6,742
Single Family
5,896
Multi-Family
846
Businesses
615
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Nearby investment properties with comparable prices
Listed by: Bre Larson • Edina Realty, Inc.
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6601537
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