204 E Deeryard RdGrand MaraisMN55604
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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 Grand Marais at 204 E Deeryard Rd, Grand Marais, MN, 55604 priced at $599,900 pairs $2,417/mo rent with after a $2,936/mo payment. Total monthly income equals $2,417/mo. Return on cash invested is 11.98% in year one, and rental yield stands at 4.83% on a $599,900 basis. Equity gained on principal adds $3,871/yr, and 5% annual appreciation accumulates to $165,741 by year five. Five-year ROI measures 60.39% and total cumulative return in cash reaches $119,188. For financing, Ziffy Mortgage’s DSCR program evaluates $2,417/mo property income against a $2,936/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55604, Grand Marais, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,559 (100%) |
| Owner Occupied HU | 1,413 (39.7%) |
| Renter Occupied HU | 428 (12.0%) |
| Vacant Housing Units | 1,718 (48.3%) |
| Median Home Value | $352,639 |
| Average Home Value | $483,783 |
Housing Distribution
Address Breakdown
Residential
1,403
Single Family
1,281
Multi-Family
122
Businesses
229
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Listed by: Jarett Mickelson • Legacy Real Estate Group LLC
Mls Name: Lake Superior Area Realtors
Mls ID: #6119897