124 Ellington StWest ConcordMN55985
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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 West Concord at 124 Ellington St, West Concord, MN, 55985 earns $201/mo cash flow from $1,107/mo rent with a $710/mo payment. Total monthly income totals $1,107/mo, and annual cash flow totals $2,415/yr on $48,068 capital. ROI tracks 24.93% on current figures, and rental yield reads 9.16% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 129.93% and total cumulative return in cash sums $62,456. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,107/mo property income instead of your personal income.
Single Family
Built in 1877
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55985, West Concord, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 835 (100%) |
| Owner Occupied HU | 652 (78.1%) |
| Renter Occupied HU | 119 (14.3%) |
| Vacant Housing Units | 64 ( 7.7%) |
| Median Home Value | $280,000 |
| Average Home Value | $337,761 |
Housing Distribution
Address Breakdown
Residential
595
Single Family
571
Multi-Family
24
Businesses
44
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Listed by: James Allan Halonen • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6805829