2005 SW 3rd AveGrand 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 2005 SW 3rd Ave, Grand Rapids, MN, 55744 offers a 10.96% rental yield on a $279,000 purchase with $2,549/mo rent. Total monthly income registers $2,549/mo, and a $1,366/mo payment leaves $806/mo available for distribution. Annual cash flow reaches $9,676/yr on $92,489 to close, and return on cash invested stands at 30.37% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 159.05% and total cumulative return in cash at $147,103. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,549/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.39 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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Nearby investment properties with comparable prices
Listed by: Tammi Bischoff • COLDWELL BANKER NORTHWOODS
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6586044
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