16 Heights Rd NESaint MichaelMN55376
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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 Saint Michael at 16 Heights Rd NE, Saint Michael, MN, 55376 offers a 10.16% rental yield on a $315,000 purchase with $2,668/mo rent. Total monthly income registers $2,668/mo, and a $1,542/mo payment leaves $701/mo available for distribution. Annual cash flow reaches $8,409/yr on $104,423 to close, and return on cash invested stands at 27.96% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 146.1% and total cumulative return in cash at $152,561. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,668/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55376, Saint Michael, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 6,333 (85.2%) |
| Renter Occupied HU | 824 (11.1%) |
| Vacant Housing Units | 278 ( 3.7%) |
| Median Home Value | $416,843 |
| Average Home Value | $455,816 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,681
Multi-Family
265
Businesses
334
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Listed by: Ashley Harrison • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6796818