18609 Dover RdClearwaterMN55320
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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
Total monthly income runs $1,234/mo, and a $1,121/mo payment. Purchase price stands at $229,000, and rental yield measures 6.47% with $1,234/mo rent. Return on cash invested shows 16.81% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 86.28% and total cumulative return in cash records $65,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,234/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55320, Clearwater, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,166 (100%) |
| Owner Occupied HU | 1,705 (78.7%) |
| Renter Occupied HU | 339 (15.7%) |
| Vacant Housing Units | 122 ( 5.6%) |
| Median Home Value | $391,849 |
| Average Home Value | $468,673 |
Housing Distribution
Address Breakdown
Residential
2,089
Single Family
1,874
Multi-Family
215
Businesses
144
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Listed by: Steven A Bruggeman • Oak Realty LLP
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6805387