20426 Evans RdIrontonMN56455
Nearby investment properties with comparable rents
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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 Ironton at 20426 Evans Rd, Ironton, MN, 56455 uses $88,312 cash to close to unlock $7,948/yr annual cash flow and $662/mo monthly cash flow. Total monthly income runs $2,326/mo, and a $1,304/mo payment keeps the spread at $662/mo. Purchase price stands at $266,400, and rental yield measures 10.48% with $2,326/mo rent. Return on cash invested shows 28.91% in year one, and 5% annual appreciation builds toward $73,601 over five years. Five-year ROI reaches 151.21% and total cumulative return in cash records $133,535. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,326/mo property income covering a $1,304/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56455, Ironton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 866 (100%) |
| Owner Occupied HU | 585 (67.6%) |
| Renter Occupied HU | 120 (13.9%) |
| Vacant Housing Units | 161 (18.6%) |
| Median Home Value | $341,944 |
| Average Home Value | $373,568 |
Housing Distribution
Address Breakdown
Residential
509
Single Family
509
Multi-Family
0
Businesses
47
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Listed by: Chad Schwendeman • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6704684
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