18096 Browns Lake Rd #17RichmondMN56368
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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 Richmond at 18096 Browns Lake Rd #17, Richmond, MN, 56368 listed at $225,000 pairs $1,573/mo rent with a $1,101/mo payment to leave $85/mo cash flow. Total monthly income runs $1,573/mo, and annual cash flow reaches $1,019/yr on $74,588 cash to close. Return on cash invested measures 21.28% in year one, and rental yield registers 8.39% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 110.72% and total cumulative return in cash totals $82,581. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,573/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2006
8,276 sqft lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56368, Richmond, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,441 (100%) |
| Owner Occupied HU | 1,601 (65.6%) |
| Renter Occupied HU | 169 ( 6.9%) |
| Vacant Housing Units | 671 (27.5%) |
| Median Home Value | $378,660 |
| Average Home Value | $441,073 |
Housing Distribution
Address Breakdown
Residential
1,624
Single Family
1,604
Multi-Family
20
Businesses
107
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Nearby investment properties with comparable prices
Listed by: Tammie Heinbaugh • Keller Williams Realty Integrity Northwest
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6690107
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