21 E Wisconsin St #210Grand MaraisMN55604
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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 Grand Marais at 21 E Wisconsin St #210, Grand Marais, MN, 55604 listed at $440,000 pairs $1,645/mo rent with a $2,154/mo payment. Total monthly income runs $1,645/mo. Return on cash invested measures -0.03% in year one, and rental yield registers 4.49% at a $440,000 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,564 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,645/mo property income relative to a $2,154/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
$1,320 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55604, Grand Marais, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,559 (100%) |
| Owner Occupied HU | 1,413 (39.7%) |
| Renter Occupied HU | 428 (12.0%) |
| Vacant Housing Units | 1,718 (48.3%) |
| Median Home Value | $352,639 |
| Average Home Value | $483,783 |
Housing Distribution
Address Breakdown
Residential
1,403
Single Family
1,281
Multi-Family
122
Businesses
229
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Listed by: Michael Smith • Anderson Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118358
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.