108 7th St SEGrand MeadowMN55936
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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
Rental property for sale in Grand Meadow at 108 7th St SE, Grand Meadow, MN, 55936 generates $1,015/mo in rent and, after a $646/mo payment, leaves $191/mo in cash flow. Total monthly income is $1,015/mo, and annual cash flow is $2,290/yr on $43,758 invested. Return on cash invested sits at 25.14% in year one, and rental yield is 9.23% on a $132,000 entry. Equity gained on principal adds $852/yr, while 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 130.99% and total cumulative return in cash sums $57,319. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,015/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
8,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55936, Grand Meadow, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 758 (100%) |
| Owner Occupied HU | 573 (75.6%) |
| Renter Occupied HU | 131 (17.3%) |
| Vacant Housing Units | 54 ( 7.1%) |
| Median Home Value | $324,206 |
| Average Home Value | $399,337 |
Housing Distribution
Address Breakdown
Residential
554
Single Family
520
Multi-Family
34
Businesses
58
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Listed by: Afton Zelinski-Schmitz • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7008380