14701 Chokecherry DrNevisMN56467
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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 Nevis at 14701 Chokecherry Dr, Nevis, MN, 56467 offers a 6.51% rental yield on a $329,900 purchase with $1,789/mo rent. 93% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 86.95% and total cumulative return in cash at $95,091. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,789/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2003
4.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56467, Nevis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,670 (100%) |
| Owner Occupied HU | 1,003 (37.6%) |
| Renter Occupied HU | 135 ( 5.1%) |
| Vacant Housing Units | 1,532 (57.4%) |
| Median Home Value | $351,646 |
| Average Home Value | $395,962 |
Housing Distribution
Address Breakdown
Residential
1,280
Single Family
1,280
Multi-Family
0
Businesses
63
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