211 Cherry AveBird IslandMN55310
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 Bird Island at 211 Cherry Ave, Bird Island, MN, 55310 uses $65,969 cash to close to unlock $6,136/yr annual cash flow and $511/mo monthly cash flow. Total monthly income runs $1,754/mo, and a $974/mo payment keeps the spread at $511/mo. Purchase price stands at $199,000, and rental yield measures 10.58% with $1,754/mo rent. Return on cash invested shows 29.21% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 152.85% and total cumulative return in cash records $100,830. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,754/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1948
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55310, Bird Island, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 709 (100%) |
| Owner Occupied HU | 540 (76.2%) |
| Renter Occupied HU | 95 (13.4%) |
| Vacant Housing Units | 74 (10.4%) |
| Median Home Value | $216,667 |
| Average Home Value | $254,940 |
Housing Distribution
Address Breakdown
Residential
414
Single Family
396
Multi-Family
18
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Posl • Legacy Land & Home
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6565806
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-14 08:31:19 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)