17112 344th StClarissaMN56440
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 Clarissa at 17112 344th St, Clarissa, MN, 56440 offers a 6.57% rental yield on a $339,000 purchase with $1,856/mo rent. 13% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 88.01% and total cumulative return in cash at $98,908. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,856/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56440, Clarissa, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 571 (100%) |
| Owner Occupied HU | 408 (71.5%) |
| Renter Occupied HU | 94 (16.5%) |
| Vacant Housing Units | 69 (12.1%) |
| Median Home Value | $218,966 |
| Average Home Value | $273,217 |
Housing Distribution
Address Breakdown
Residential
343
Single Family
298
Multi-Family
45
Businesses
29
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Nearby investment properties with comparable prices
Listed by: Ramona Ladue • East-West Realty of Long Prairie, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6717715
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