12317 County Road 15NorthomeMN56661
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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 Northome at 12317 County Road 15, Northome, MN, 56661 uses $53,007 cash to close to unlock $13,094/yr annual cash flow and $1,091/mo monthly cash flow. Total monthly income runs $2,090/mo, and a $783/mo payment keeps the spread at $1,091/mo. Purchase price stands at $159,900, and rental yield measures 15.68% with $2,090/mo rent. Return on cash invested shows 44.61% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 235.45% and total cumulative return in cash records $124,806. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,090/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1977
10.37 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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