11775 Highway 71NorthomeMN56661
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 Northome at 11775 Highway 71, Northome, MN, 56661 earns from $732/mo rent with a $1,674/mo payment. Total monthly income totals $732/mo. ROI tracks 5.05% on current figures, and rental yield reads 2.57% at a $342,000 purchase. Equity gained on principal adds $2,207/yr, and 5% annual appreciation supports $94,488 over five years. Five-year ROI reaches 23.27% and total cumulative return in cash sums $26,386. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $732/mo property income instead of your personal income.
Single Family
Built in 1930
68.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56661, Northome, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 691 (100%) |
| Owner Occupied HU | 331 (47.9%) |
| Renter Occupied HU | 43 ( 6.2%) |
| Vacant Housing Units | 317 (45.9%) |
| Median Home Value | $207,738 |
| Average Home Value | $261,601 |
Housing Distribution
Address Breakdown
Residential
344
Single Family
334
Multi-Family
10
Businesses
42
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