212 Old Military Rd SSandstoneMN55072
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 Sandstone at 212 Old Military Rd S, Sandstone, MN, 55072 at $197,000 posts ROI 27.05% with $389/mo cash flow from $1,620/mo rent. Total monthly income equals $1,620/mo, and annual cash flow records $4,663/yr on $65,306 to close. Return on cash invested measures 27.05% and rental yield reads 9.87% at the current $197,000. Equity gained on principal adds $1,271/yr, and 5% annual appreciation supports $54,427 by year five. Five-year ROI prints 141.23% and total cumulative return in cash totals $92,234.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,620/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2002
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55072, Sandstone, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,262 (100%) |
| Owner Occupied HU | 1,004 (44.4%) |
| Renter Occupied HU | 399 (17.6%) |
| Vacant Housing Units | 859 (38.0%) |
| Median Home Value | $228,289 |
| Average Home Value | $270,035 |
Housing Distribution
Address Breakdown
Residential
1,370
Single Family
1,264
Multi-Family
106
Businesses
129
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Nearby investment properties with comparable prices
Listed by: Amy Perrine • NextHome Perrine & Associates
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116226
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 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.