17990 Nixon Dr NWElk RiverMN55330
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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 Elk River at 17990 Nixon Dr NW, Elk River, MN, 55330 earns from $3,060/mo rent with a $2,540/mo payment. Total monthly income totals $3,060/mo. ROI tracks 18.79% on current figures, and rental yield reads 7.08% at a $519,000 purchase. Equity gained on principal adds $3,349/yr, and 5% annual appreciation supports $143,390 over five years. Five-year ROI reaches 96.9% and total cumulative return in cash sums $165,453. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,060/mo property income instead of your personal income.
Single Family
Built in 2007
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55330, Elk River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,209 (100%) |
| Owner Occupied HU | 14,611 (80.2%) |
| Renter Occupied HU | 2,788 (15.3%) |
| Vacant Housing Units | 810 ( 4.4%) |
| Median Home Value | $390,674 |
| Average Home Value | $424,407 |
Housing Distribution
Address Breakdown
Residential
17,307
Single Family
15,298
Multi-Family
2,009
Businesses
1,116
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