117 3rd St NEAitkinMN56431
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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 Aitkin at 117 3rd St NE, Aitkin, MN, 56431 generates $1,405/mo in rent and, after a $1,027/mo payment, leaves $95/mo in cash flow. Total monthly income is $1,405/mo, and annual cash flow is $1,136/yr on $69,582 invested. Return on cash invested sits at 21.54% in year one, and rental yield is 8.03% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 111.68% and total cumulative return in cash sums $77,708. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,405/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56431, Aitkin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,852 (100%) |
| Owner Occupied HU | 3,311 (48.3%) |
| Renter Occupied HU | 791 (11.5%) |
| Vacant Housing Units | 2,750 (40.1%) |
| Median Home Value | $322,708 |
| Average Home Value | $366,030 |
Housing Distribution
Address Breakdown
Residential
5,347
Single Family
4,989
Multi-Family
358
Businesses
346
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