12234 Evergreen RdFloodwoodMN55736
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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 Floodwood at 12234 Evergreen Rd, Floodwood, MN, 55736 earns from $0/mo rent with a $1,175/mo payment. Total monthly income totals $0/mo. ROI tracks -2.7% on current figures, and rental yield reads 0% at a $239,999 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,307 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1935
60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55736, Floodwood, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 921 (100%) |
| Owner Occupied HU | 494 (53.6%) |
| Renter Occupied HU | 121 (13.1%) |
| Vacant Housing Units | 306 (33.2%) |
| Median Home Value | $275,949 |
| Average Home Value | $320,233 |
Housing Distribution
Address Breakdown
Residential
442
Single Family
442
Multi-Family
0
Businesses
54
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Cheryl Beck • Adolphson Real Estate - Cloquet
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115074
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 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.