13108 Ossipee RdMerrifieldMN56465
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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 Merrifield at 13108 Ossipee Rd, Merrifield, MN, 56465 listed at $274,900 pairs $1,920/mo rent with a $1,346/mo payment to leave $204/mo cash flow. Total monthly income runs $1,920/mo, and annual cash flow reaches $2,447/yr on $91,129 cash to close. Return on cash invested measures 22.59% in year one, and rental yield registers 8.38% at a $274,900 basis. Equity gained on principal adds $1,774/yr, and annual property appreciation at 5% supports $75,950 by year five. Five-year ROI tracks 117.31% and total cumulative return in cash totals $106,899. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,920/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
2.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56465, Merrifield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,889 (100%) |
| Owner Occupied HU | 963 (51.0%) |
| Renter Occupied HU | 89 ( 4.7%) |
| Vacant Housing Units | 837 (44.3%) |
| Median Home Value | $459,639 |
| Average Home Value | $527,617 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
1,290
Multi-Family
0
Businesses
56
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Listed by: Christopher Cullen • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6760740