1303 Ridge RdMotleyMN56466
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
Rental property for sale in Motley at 1303 Ridge Rd, Motley, MN, 56466 priced at $474,900 pairs $806/mo rent with after a $2,324/mo payment. Total monthly income equals $806/mo. Return on cash invested is 3.45% in year one, and rental yield stands at 2.04% on a $474,900 basis. Equity gained on principal adds $3,064/yr, and 5% annual appreciation accumulates to $131,206 by year five. Five-year ROI measures 14.65% and total cumulative return in cash reaches $23,063. For financing, Ziffy Mortgage’s DSCR program evaluates $806/mo property income against a $2,324/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56466, Motley, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,260 (100%) |
| Owner Occupied HU | 1,135 (50.2%) |
| Renter Occupied HU | 290 (12.8%) |
| Vacant Housing Units | 835 (36.9%) |
| Median Home Value | $308,454 |
| Average Home Value | $349,231 |
Housing Distribution
Address Breakdown
Residential
1,503
Single Family
1,444
Multi-Family
59
Businesses
74
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Nearby investment properties with comparable prices
Listed by: Chad Schwendeman • eXp Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6622294
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