19009 Ivanhoe Dr 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 19009 Ivanhoe Dr NW, Elk River, MN, 55330 uses $133,727 cash to close to unlock $7,102/yr annual cash flow and $592/mo monthly cash flow. Total monthly income runs $3,140/mo, and a $1,974/mo payment keeps the spread at $592/mo. Purchase price stands at $403,400, and rental yield measures 9.34% with $3,140/mo rent. Return on cash invested shows 25.22% in year one, and 5% annual appreciation builds toward $111,452 over five years. Five-year ROI reaches 131.48% and total cumulative return in cash records $175,827. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,140/mo property income covering a $1,974/mo payment rather than investor’s personal income.
Single Family
Built in 2019
9,583 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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