20619 Summer Haven RdPelican RapidsMN56572
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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
Total monthly income runs $2,339/mo, and a $3,426/mo payment. Purchase price stands at $700,000, and rental yield measures 4.01% with $2,339/mo rent. Return on cash invested shows 9.47% in year one, and 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 46.91% and total cumulative return in cash records $108,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,339/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56572, Pelican Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,171 (100%) |
| Owner Occupied HU | 1,890 (45.3%) |
| Renter Occupied HU | 469 (11.2%) |
| Vacant Housing Units | 1,812 (43.4%) |
| Median Home Value | $364,686 |
| Average Home Value | $430,345 |
Housing Distribution
Address Breakdown
Residential
2,463
Single Family
2,300
Multi-Family
163
Businesses
191
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Listed by: Ryan Collins • Property Resources Group
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6519185
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.