1509 Parke Ave SGlyndonMN56547
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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 Glyndon at 1509 Parke Ave S, Glyndon, MN, 56547 listed at $284,900 pairs $912/mo rent with a $1,394/mo payment. Total monthly income runs $912/mo. Return on cash invested measures 8.9% in year one, and rental yield registers 3.84% at a $284,900 basis. Equity gained on principal adds $1,838/yr, and annual property appreciation at 5% supports $78,713 by year five. Five-year ROI tracks 43.9% and total cumulative return in cash totals $41,459. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $912/mo property income relative to a $1,394/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2025
0.15 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56547, Glyndon, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,043 (100%) |
| Owner Occupied HU | 873 (83.7%) |
| Renter Occupied HU | 102 ( 9.8%) |
| Vacant Housing Units | 68 ( 6.5%) |
| Median Home Value | $354,390 |
| Average Home Value | $444,227 |
Housing Distribution
Address Breakdown
Residential
919
Single Family
890
Multi-Family
29
Businesses
61
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