1610 Peninsula Rd NEOutingMN56662
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
Rental property for sale in Outing at 1610 Peninsula Rd NE, Outing, MN, 56662 priced at $325,000 converts $2,340/mo rent into $310/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,340/mo, and annual cash flow totals $3,723/yr on $107,738 invested. Return on cash invested prints 23.36% in year one, and rental yield reads 8.64% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 121.47% and total cumulative return in cash sums $130,873. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56662, Outing, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,119 (100%) |
| Owner Occupied HU | 240 (21.4%) |
| Renter Occupied HU | 33 ( 2.9%) |
| Vacant Housing Units | 846 (75.6%) |
| Median Home Value | $413,953 |
| Average Home Value | $445,615 |
Housing Distribution
Address Breakdown
Residential
386
Single Family
386
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alec Roth • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6652644
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