153 Ridgeview Ln, Elko New Market, MN, 55054 | 4.97% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
1076 sft

4496 Cinnamon Ridge Trl #B, Eagan, MN, 55122

2 Bed
1 Bath
950 sft

12936 Nicollet Ave S #202, Burnsville, MN, 55337

3 Bed
3 Bath
3332 sft

2704 Oak Lawn Dr, Northfield, MN, 55057

2 Bed
2 Bath
1518 sft

17031 Eastwood Ave UNIT 38, Farmington, MN, 55024

Nearby investment properties with comparable prices

Mcrae Plan, Amber Fields - Carriage Homes at Ashford

3 Bed
3 Bath
2153 sft

Mcrae Plan, Amber Fields - Carriage Homes at Ashford, Rosemount, MN, 55068

4 Bed
3 Bath
1658 sft

2115 Highview Ridge Ct, Shakopee, MN, 55379

4 Bed
3 Bath
1658 sft

2119 Highview Ridge Ct, Shakopee, MN, 55379

4 Bed
3 Bath
1965 sft

17045 Dysart Pl, Lakeville, MN, 55044

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Elko New Market at 153 Ridgeview Ln, Elko New Market, MN, 55054 priced at $489,285 converts $2,027/mo rent into after a $2,395/mo obligation. Total monthly income equals $2,027/mo. Return on cash invested prints 12.3% in year one, and rental yield reads 4.97% against a $489,285 entry. Equity gained on principal adds $3,157/yr, while 5% annual appreciation compiles into $135,180 by year five. Five-year ROI reaches 62.11% and total cumulative return in cash sums $100,744. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,027/mo property income covering a $2,395/mo payment, not borrower’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA