16823 State Highway 55 NWSouth HavenMN55382
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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 South Haven at 16823 State Highway 55 NW, South Haven, MN, 55382 listed at $389,900 pairs $2,748/mo rent with a $1,908/mo payment to leave $314/mo cash flow. Total monthly income runs $2,748/mo, and annual cash flow reaches $3,764/yr on $129,252 cash to close. Return on cash invested measures 22.82% in year one, and rental yield registers 8.46% at a $389,900 basis. Equity gained on principal adds $2,516/yr, and annual property appreciation at 5% supports $107,722 by year five. Five-year ROI tracks 118.53% and total cumulative return in cash totals $153,205. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,748/mo property income relative to a $1,908/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1918
10.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55382, South Haven, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,199 (100%) |
| Owner Occupied HU | 1,392 (63.3%) |
| Renter Occupied HU | 93 ( 4.2%) |
| Vacant Housing Units | 714 (32.5%) |
| Median Home Value | $434,328 |
| Average Home Value | $486,893 |
Housing Distribution
Address Breakdown
Residential
1,665
Single Family
1,665
Multi-Family
0
Businesses
30
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Listed by: Wendy Woods • Counselor Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6776808