19323 Wendigo Park RdGrand RapidsMN55744
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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 Grand Rapids at 19323 Wendigo Park Rd, Grand Rapids, MN, 55744 earns $318/mo cash flow from $3,284/mo rent with a $2,325/mo payment. Total monthly income totals $3,284/mo, and annual cash flow totals $3,813/yr on $157,463 capital. ROI tracks 22.33% on current figures, and rental yield reads 8.3% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 115.89% and total cumulative return in cash sums $182,491. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,284/mo property income instead of your personal income.
Single Family
Built in 1985
15.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55744, Grand Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,024 (100%) |
| Owner Occupied HU | 6,248 (62.3%) |
| Renter Occupied HU | 2,270 (22.6%) |
| Vacant Housing Units | 1,506 (15.0%) |
| Median Home Value | $288,056 |
| Average Home Value | $348,710 |
Housing Distribution
Address Breakdown
Residential
9,649
Single Family
8,369
Multi-Family
1,280
Businesses
945
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Listed by: Derek J Noles • Mango Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7008040