12262 71st St NEElk RiverMN55330
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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 Elk River at 12262 71st St NE, Elk River, MN, 55330 generates $3,530/mo in rent and, after a $2,398/mo payment, leaves $471/mo in cash flow. Total monthly income is $3,530/mo, and annual cash flow is $5,646/yr on $162,432 invested. Return on cash invested sits at 23.39% in year one, and rental yield is 8.65% on a $489,990 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation builds toward $135,375 over five years. Five-year ROI reaches 121.56% and total cumulative return in cash sums $197,457. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,530/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55330, Elk River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,209 (100%) |
| Owner Occupied HU | 14,611 (80.2%) |
| Renter Occupied HU | 2,788 (15.3%) |
| Vacant Housing Units | 810 ( 4.4%) |
| Median Home Value | $390,674 |
| Average Home Value | $424,407 |
Housing Distribution
Address Breakdown
Residential
17,307
Single Family
15,298
Multi-Family
2,009
Businesses
1,116
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