20386 151st St NWElk RiverMN55330
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
Investment property for sale in Elk River at 20386 151st St NW, Elk River, MN, 55330 earns $2,033/mo cash flow from $5,812/mo rent with a $2,888/mo payment. Total monthly income totals $5,812/mo, and annual cash flow totals $24,390/yr on $194,110 capital. ROI tracks 32.63% on current figures, and rental yield reads 11.82% at a $590,000 purchase. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $163,006 over five years. Five-year ROI reaches 171.29% and total cumulative return in cash sums $332,488. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,812/mo property income instead of your personal income.
Single Family
Built in 2014
0.51 Acres lot
$N/A/sqft
$95 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55330, Elk River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,209 (100%) |
| Owner Occupied HU | 14,611 (80.2%) |
| Renter Occupied HU | 2,788 (15.3%) |
| Vacant Housing Units | 810 ( 4.4%) |
| Median Home Value | $390,674 |
| Average Home Value | $424,407 |
Housing Distribution
Address Breakdown
Residential
17,307
Single Family
15,298
Multi-Family
2,009
Businesses
1,116
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Listed by: Brion D Loftsgard • RE/MAX Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6737964
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