17778 County Road 23VerndaleMN56481
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 Verndale at 17778 County Road 23, Verndale, MN, 56481 offers a 5.22% rental yield on a $399,900 purchase with $1,738/mo rent. 04% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 66.1% and total cumulative return in cash at $87,632. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,738/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
6.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56481, Verndale, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,017 (100%) |
| Owner Occupied HU | 712 (70.0%) |
| Renter Occupied HU | 128 (12.6%) |
| Vacant Housing Units | 177 (17.4%) |
| Median Home Value | $223,364 |
| Average Home Value | $259,645 |
Housing Distribution
Address Breakdown
Residential
814
Single Family
808
Multi-Family
6
Businesses
38
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Nearby investment properties with comparable prices
Listed by: Craig Folkestad • The Gores Company
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6769706
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