184 Fall River RdGrand MaraisMN55604
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 Grand Marais at 184 Fall River Rd, Grand Marais, MN, 55604 listed at $739,500 pairs $3,894/mo rent with a $3,619/mo payment. Total monthly income runs $3,894/mo. Return on cash invested measures 16.49% in year one, and rental yield registers 6.32% at a $739,500 basis. Equity gained on principal adds $4,772/yr, and annual property appreciation at 5% supports $204,310 by year five. Five-year ROI tracks 84.55% and total cumulative return in cash totals $205,713. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,894/mo property income relative to a $3,619/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
9.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55604, Grand Marais, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,559 (100%) |
| Owner Occupied HU | 1,413 (39.7%) |
| Renter Occupied HU | 428 (12.0%) |
| Vacant Housing Units | 1,718 (48.3%) |
| Median Home Value | $352,639 |
| Average Home Value | $483,783 |
Housing Distribution
Address Breakdown
Residential
1,403
Single Family
1,281
Multi-Family
122
Businesses
229
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Terry Backlund • Backlund Realty LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116100
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.