11298 W Splithand RdGrand RapidsMN55744
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
Investment property for sale in Grand Rapids at 11298 W Splithand Rd, Grand Rapids, MN, 55744 listed at $129,000 pairs $1,200/mo rent with a $631/mo payment to leave $395/mo cash flow. Total monthly income runs $1,200/mo, and annual cash flow reaches $4,738/yr on $42,764 cash to close. Return on cash invested measures 30.99% in year one, and rental yield registers 11.16% at a $129,000 basis. Equity gained on principal adds $832/yr, and annual property appreciation at 5% supports $35,640 by year five. Five-year ROI tracks 162.31% and total cumulative return in cash totals $69,409. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,200/mo property income relative to a $631/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55744, Grand Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,024 (100%) |
| Owner Occupied HU | 6,248 (62.3%) |
| Renter Occupied HU | 2,270 (22.6%) |
| Vacant Housing Units | 1,506 (15.0%) |
| Median Home Value | $288,056 |
| Average Home Value | $348,710 |
Housing Distribution
Address Breakdown
Residential
9,649
Single Family
8,369
Multi-Family
1,280
Businesses
945
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Morgan Hopkins • COLDWELL BANKER NORTHWOODS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6823645