11423 83rd St NEOtsegoMN55301
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 Otsego at 11423 83rd St NE, Otsego, MN, 55301 generates $4,129/mo in rent and, after a $2,275/mo payment, leaves $1,227/mo in cash flow. Total monthly income is $4,129/mo, and annual cash flow is $14,720/yr on $154,053 invested. Return on cash invested sits at 29.46% in year one, and rental yield is 10.66% on a $464,715 entry. Equity gained on principal adds $2,999/yr, while 5% annual appreciation builds toward $128,392 over five years. Five-year ROI reaches 154.16% and total cumulative return in cash sums $237,486. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,129/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55301, Albertville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,117 (100%) |
| Owner Occupied HU | 4,068 (79.5%) |
| Renter Occupied HU | 797 (15.6%) |
| Vacant Housing Units | 252 ( 4.9%) |
| Median Home Value | $358,720 |
| Average Home Value | $371,713 |
Housing Distribution
Address Breakdown
Residential
4,772
Single Family
4,492
Multi-Family
280
Businesses
315
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
