20811 Hematite StIrontonMN56455
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
Investment property for sale in Ironton at 20811 Hematite St, Ironton, MN, 56455 uses $69,615 cash to close to unlock $2,682/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,535/mo, and a $1,028/mo payment keeps the spread at $224/mo. Purchase price stands at $210,000, and rental yield measures 8.77% with $1,535/mo rent. Return on cash invested shows 23.76% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 123.6% and total cumulative return in cash records $86,044. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,535/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56455, Ironton, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 866 (100%) |
| Owner Occupied HU | 585 (67.6%) |
| Renter Occupied HU | 120 (13.9%) |
| Vacant Housing Units | 161 (18.6%) |
| Median Home Value | $341,944 |
| Average Home Value | $373,568 |
Housing Distribution
Address Breakdown
Residential
509
Single Family
509
Multi-Family
0
Businesses
47
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Nearby investment properties with comparable prices
Listed by: Chad Schwendeman • eXp Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6541897
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