206 Corey AveColeraineMN55722
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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 Coleraine at 206 Corey Ave, Coleraine, MN, 55722 earns $468/mo cash flow from $1,327/mo rent with a $673/mo payment. Total monthly income totals $1,327/mo, and annual cash flow totals $5,621/yr on $45,581 capital. ROI tracks 32.24% on current figures, and rental yield reads 11.58% at a $137,500 purchase. Equity gained on principal adds $887/yr, and 5% annual appreciation supports $37,989 over five years. Five-year ROI reaches 169.11% and total cumulative return in cash sums $77,081. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,327/mo property income instead of your personal income.
Single Family
Built in 1940
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55722, Coleraine, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 509 (100%) |
| Owner Occupied HU | 387 (76.0%) |
| Renter Occupied HU | 71 (13.9%) |
| Vacant Housing Units | 51 (10.0%) |
| Median Home Value | $246,983 |
| Average Home Value | $318,773 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
39
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