1365 S White Iron Rd, Ely, MN, 55731 | 6.72% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $3,240/mo, and a $2,834/mo payment. Purchase price stands at $579,000, and rental yield measures 6.72% with $3,240/mo rent. Return on cash invested shows 17.69% in year one, and 5% annual appreciation builds toward $159,967 over five years. Five-year ROI reaches 91.01% and total cumulative return in cash records $173,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,240/mo property income covering a $2,834/mo payment rather than investor’s personal income.

Single Family

Built in 1978

62 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 55731, Ely, MN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,875 (100%)
Owner Occupied HU	2,036 (41.8%)
Renter Occupied HU	675 (13.8%)
Vacant Housing Units	2,164 (44.4%)
Median Home Value	$269,626
Average Home Value	$319,896