15 E Gilman StNew York MillsMN56567
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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
Rental property for sale in New York Mills at 15 E Gilman St, New York Mills, MN, 56567 generates $2,174/mo in rent and, after a $1,076/mo payment, leaves $801/mo in cash flow. Total monthly income is $2,174/mo, and annual cash flow is $9,614/yr on $72,897 invested. Return on cash invested sits at 33.1% in year one, and rental yield is 11.86% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 173.69% and total cumulative return in cash sums $126,616. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,174/mo property income rather than buyer’s personal income.
Single Family
Built in 1919
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Bonnie Dykhoff • Centennial Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6784772