18751 Edison St 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 18751 Edison St NW, Elk River, MN, 55330 uses $150,136 cash to close to unlock $2,779/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $3,060/mo, and a $2,217/mo payment keeps the spread at $232/mo. Purchase price stands at $452,900, and rental yield measures 8.11% with $3,060/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $125,128 over five years. Five-year ROI reaches 112.84% and total cumulative return in cash records $169,420. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,060/mo property income covering a $2,217/mo payment rather than investor’s personal income.
Single Family
Built in 2021
10,018 sqft 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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