208 Ridge DrBrainerdMN56401
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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
Rental property for sale in Brainerd at 208 Ridge Dr, Brainerd, MN, 56401 priced at $549,900 converts $4,600/mo rent into $1,167/mo cash flow after a $2,691/mo obligation. Total monthly income equals $4,600/mo, and annual cash flow totals $14,000/yr on $180,917 invested. Return on cash invested prints 27.8% in year one, and rental yield reads 10.04% against a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation compiles into $151,927 by year five. Five-year ROI reaches 145.19% and total cumulative return in cash sums $262,682. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,600/mo property income covering a $2,691/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56401, Brainerd, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,322 (100%) |
| Owner Occupied HU | 9,656 (59.2%) |
| Renter Occupied HU | 3,772 (23.1%) |
| Vacant Housing Units | 2,894 (17.7%) |
| Median Home Value | $360,289 |
| Average Home Value | $419,575 |
Housing Distribution
Address Breakdown
Residential
14,110
Single Family
13,067
Multi-Family
1,043
Businesses
1,192
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