2071 Erickson LnMoraMN55051
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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 Mora at 2071 Erickson Ln, Mora, MN, 55051 with 5% annual appreciation on a $274,900 basis while $1,764/mo rent supports operations. Total monthly income totals $1,764/mo and a $1,346/mo payment preserves $48/mo for cash returns. Annual cash flow comes to $575/yr on $91,129 deployed, and return on cash invested reaches 20.54% in year one. Equity gained on principal adds $1,774/yr, and five-year appreciation sums $75,950 alongside rental yield of 7.7%. Five-year ROI measures 106.3% and total cumulative return in cash totals $96,867.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,764/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
2.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55051, Mora, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,942 (100%) |
| Owner Occupied HU | 3,253 (65.8%) |
| Renter Occupied HU | 971 (19.6%) |
| Vacant Housing Units | 718 (14.5%) |
| Median Home Value | $247,320 |
| Average Home Value | $283,349 |
Housing Distribution
Address Breakdown
Residential
4,466
Single Family
4,091
Multi-Family
375
Businesses
317
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Listed by: Anna Magaard • Century 21 Moline Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6686343
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