16901 Severson NWEvansvilleMN56326
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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 Evansville at 16901 Severson NW, Evansville, MN, 56326 listed at $299,500 pairs $2,748/mo rent with a $1,466/mo payment to leave $878/mo cash flow. Total monthly income runs $2,748/mo, and annual cash flow reaches $10,532/yr on $99,284 cash to close. Return on cash invested measures 30.52% in year one, and rental yield registers 11.01% at a $299,500 basis. Equity gained on principal adds $1,933/yr, and annual property appreciation at 5% supports $82,746 by year five. Five-year ROI tracks 159.81% and total cumulative return in cash totals $158,663. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,748/mo property income relative to a $1,466/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
2.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56326, Evansville, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 848 (100%) |
| Owner Occupied HU | 551 (65.0%) |
| Renter Occupied HU | 117 (13.8%) |
| Vacant Housing Units | 180 (21.2%) |
| Median Home Value | $343,506 |
| Average Home Value | $375,141 |
Housing Distribution
Address Breakdown
Residential
469
Single Family
453
Multi-Family
16
Businesses
45
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Listed by: Dale Wussow • Randy Fischer Real Estate, Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6733584