15851 Conifer CirPark RapidsMN56470
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Park Rapids at 15851 Conifer Cir, Park Rapids, MN, 56470 earns $426/mo cash flow from $2,299/mo rent with a $1,468/mo payment. Total monthly income totals $2,299/mo, and annual cash flow totals $5,112/yr on $99,450 capital. ROI tracks 25.05% on current figures, and rental yield reads 9.2% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 130.46% and total cumulative return in cash sums $129,744. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,299/mo property income instead of your personal income.
Single Family
Built in 1992
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56470, Park Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,740 (100%) |
| Owner Occupied HU | 3,454 (44.6%) |
| Renter Occupied HU | 1,309 (16.9%) |
| Vacant Housing Units | 2,977 (38.5%) |
| Median Home Value | $326,377 |
| Average Home Value | $407,613 |
Housing Distribution
Address Breakdown
Residential
5,787
Single Family
5,077
Multi-Family
710
Businesses
542
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Listed by: Brandon James Gartner • Keller Williams Realty Professionals
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6535451
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