18766 State Highway 34Pelican RapidsMN56572
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 Pelican Rapids at 18766 State Highway 34, Pelican Rapids, MN, 56572 earns $896/mo cash flow from $2,082/mo rent with a $930/mo payment. Total monthly income totals $2,082/mo, and annual cash flow totals $10,746/yr on $62,985 capital. ROI tracks 36.97% on current figures, and rental yield reads 13.15% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 194.43% and total cumulative return in cash sums $122,460. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,082/mo property income instead of your personal income.
Single Family
Built in 1960
7.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56572, Pelican Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,171 (100%) |
| Owner Occupied HU | 1,890 (45.3%) |
| Renter Occupied HU | 469 (11.2%) |
| Vacant Housing Units | 1,812 (43.4%) |
| Median Home Value | $364,686 |
| Average Home Value | $430,345 |
Housing Distribution
Address Breakdown
Residential
2,463
Single Family
2,300
Multi-Family
163
Businesses
191
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Nearby investment properties with comparable prices
Listed by: Loren M Seifert • Seifert Real Estate & Auction
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6795546
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