13309 Ossipee RdMerrifieldMN56465
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
Investment property for sale in Merrifield at 13309 Ossipee Rd, Merrifield, MN, 56465 uses $73,593 cash to close to unlock $1,564/yr annual cash flow and $130/mo monthly cash flow. Total monthly income runs $1,517/mo, and a $1,087/mo payment keeps the spread at $130/mo. Purchase price stands at $222,000, and rental yield measures 8.2% with $1,517/mo rent. Return on cash invested shows 22.03% in year one, and 5% annual appreciation builds toward $61,335 over five years. Five-year ROI reaches 114.36% and total cumulative return in cash records $84,159. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,517/mo property income covering a $1,087/mo payment rather than investor’s personal income.
Manufactured
Built in 2006
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nina Karsky • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6769867