17989 Skyline DrGarrisonMN56450
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 Garrison at 17989 Skyline Dr, Garrison, MN, 56450 uses $77,869 cash to close to unlock $3,083/yr annual cash flow and $257/mo monthly cash flow. Total monthly income runs $1,724/mo, and a $1,150/mo payment keeps the spread at $257/mo. Purchase price stands at $234,900, and rental yield measures 8.81% with $1,724/mo rent. Return on cash invested shows 23.87% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 124.13% and total cumulative return in cash records $96,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,724/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Manufactured
Built in 2001
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56450, Garrison, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,193 (100%) |
| Owner Occupied HU | 459 (38.5%) |
| Renter Occupied HU | 92 ( 7.7%) |
| Vacant Housing Units | 642 (53.8%) |
| Median Home Value | $372,596 |
| Average Home Value | $401,618 |
Housing Distribution
Address Breakdown
Residential
710
Single Family
710
Multi-Family
0
Businesses
75
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Listed by: Cindy Scholl • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6713167
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