2002 Apple LnMontroseMN55363
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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
Rental property for sale in Montrose at 2002 Apple Ln, Montrose, MN, 55363 generates $1,500/mo in rent, after a $1,297/mo payment. Total monthly income is $1,500/mo. Return on cash invested sits at 17.8% in year one, and rental yield is 6.8% on a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 91.61% and total cumulative return in cash sums $80,444. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55363, Montrose, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,941 (100%) |
| Owner Occupied HU | 1,608 (82.8%) |
| Renter Occupied HU | 265 (13.7%) |
| Vacant Housing Units | 68 ( 3.5%) |
| Median Home Value | $362,338 |
| Average Home Value | $403,206 |
Housing Distribution
Address Breakdown
Residential
1,943
Single Family
1,738
Multi-Family
205
Businesses
54
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