206 S River StCookMN55723
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
Rental property for sale in Cook at 206 S River St, Cook, MN, 55723 priced at $164,900 converts $2,148/mo rent into $1,118/mo cash flow after a $807/mo obligation. Total monthly income equals $2,148/mo, and annual cash flow totals $13,421/yr on $54,664 invested. Return on cash invested prints 44.46% in year one, and rental yield reads 15.63% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 234.63% and total cumulative return in cash sums $128,260. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,148/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55723, Cook, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,349 (100%) |
| Owner Occupied HU | 944 (40.2%) |
| Renter Occupied HU | 134 ( 5.7%) |
| Vacant Housing Units | 1,271 (54.1%) |
| Median Home Value | $340,909 |
| Average Home Value | $403,183 |
Housing Distribution
Address Breakdown
Residential
1,094
Single Family
1,019
Multi-Family
75
Businesses
135
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Nearby investment properties with comparable prices
Listed by: Adison Runberg • eXp Realty, LLC- MN
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115630
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.