203 New Jersey Ave WGilbertMN55741
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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 Gilbert at 203 New Jersey Ave W, Gilbert, MN, 55741 earns $1,331/mo cash flow from $2,036/mo rent with a $553/mo payment. Total monthly income totals $2,036/mo, and annual cash flow totals $15,967/yr on $37,426 capital. ROI tracks 62.57% on current figures, and rental yield reads 21.64% at a $112,900 purchase. Equity gained on principal adds $729/yr, and 5% annual appreciation supports $31,192 over five years. Five-year ROI reaches 331.72% and total cumulative return in cash sums $124,150. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,036/mo property income instead of your personal income.
Single Family
Built in 1910
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55741, Gilbert, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,775 (100%) |
| Owner Occupied HU | 1,247 (70.3%) |
| Renter Occupied HU | 204 (11.5%) |
| Vacant Housing Units | 324 (18.3%) |
| Median Home Value | $258,913 |
| Average Home Value | $279,970 |
Housing Distribution
Address Breakdown
Residential
977
Single Family
977
Multi-Family
0
Businesses
70
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Nearby investment properties with comparable prices
Listed by: Andrea Zupancich • Z' Up North Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119798
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.