20113 204th StVerndaleMN56481
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
Rental property for sale in Verndale at 20113 204th St, Verndale, MN, 56481 generates $1,814/mo in rent, after a $1,620/mo payment. Total monthly income is $1,814/mo. Return on cash invested sits at 17.14% in year one, and rental yield is 6.58% on a $330,900 entry. Equity gained on principal adds $2,135/yr, while 5% annual appreciation builds toward $91,422 over five years. Five-year ROI reaches 88.11% and total cumulative return in cash sums $96,653. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,814/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56481, Verndale, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,017 (100%) |
| Owner Occupied HU | 712 (70.0%) |
| Renter Occupied HU | 128 (12.6%) |
| Vacant Housing Units | 177 (17.4%) |
| Median Home Value | $223,364 |
| Average Home Value | $259,645 |
Housing Distribution
Address Breakdown
Residential
814
Single Family
808
Multi-Family
6
Businesses
38
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Nearby investment properties with comparable prices
Listed by: Mitchell Maanum • Coldwell Banker Crown Realtors
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6588473
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