20963 Eagle Ct, Richmond, MN, 56368 | 6.02% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,706/mo, and a $1,664/mo payment. Purchase price stands at $339,900, and rental yield measures 6.02% with $1,706/mo rent. Return on cash invested shows 15.47% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 79.15% and total cumulative return in cash records $89,183. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,706/mo property income covering a $1,664/mo payment rather than investor’s personal income.

Single Family

Built in 1966

9,583 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 56368, Richmond, MN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,441 (100%)
Owner Occupied HU	1,601 (65.6%)
Renter Occupied HU	169 ( 6.9%)
Vacant Housing Units	671 (27.5%)
Median Home Value	$378,660
Average Home Value	$441,073