20489 State Highway 65Mc GrathMN56350
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
Total monthly income runs $3,403/mo, and a $2,932/mo payment. Purchase price stands at $599,000, and rental yield measures 6.82% with $3,403/mo rent. Return on cash invested shows 18% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 92.68% and total cumulative return in cash records $182,638. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,403/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 1995
60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56350, Mc Grath, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 422 (100%) |
| Owner Occupied HU | 202 (47.9%) |
| Renter Occupied HU | 16 ( 3.8%) |
| Vacant Housing Units | 204 (48.3%) |
| Median Home Value | $304,255 |
| Average Home Value | $349,728 |
Housing Distribution
Address Breakdown
Residential
266
Single Family
266
Multi-Family
0
Businesses
14
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Nearby investment properties with comparable prices
Listed by: Ronda Bjornson • Century 21 Atwood
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6537046
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-14 12:01:32 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)