117 New York Ave EGilbertMN55741
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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
Investment property for sale in Gilbert at 117 New York Ave E, Gilbert, MN, 55741 earns $608/mo cash flow from $1,794/mo rent with a $930/mo payment. Total monthly income totals $1,794/mo, and annual cash flow totals $7,290/yr on $62,985 capital. ROI tracks 31.48% on current figures, and rental yield reads 11.33% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 165.03% and total cumulative return in cash sums $103,944. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,794/mo property income instead of your personal income.
Single Family
Built in 1921
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55741, Gilbert, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,775 (100%) |
| Owner Occupied HU | 1,247 (70.3%) |
| Renter Occupied HU | 204 (11.5%) |
| Vacant Housing Units | 324 (18.3%) |
| Median Home Value | $258,913 |
| Average Home Value | $279,970 |
Housing Distribution
Address Breakdown
Residential
977
Single Family
977
Multi-Family
0
Businesses
70
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Listed by: Darcie Rae Novak • My Place Realty, Inc.
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120335
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.