21250 Farm View DrPark RapidsMN56470
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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 Park Rapids at 21250 Farm View Dr, Park Rapids, MN, 56470 earns from $1,657/mo rent with a $1,711/mo payment. Total monthly income totals $1,657/mo. ROI tracks 14.46% on current figures, and rental yield reads 5.69% at a $349,500 purchase. Equity gained on principal adds $2,255/yr, and 5% annual appreciation supports $96,560 over five years. Five-year ROI reaches 73.74% and total cumulative return in cash sums $85,429. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,657/mo property income instead of your personal income.
Single Family
Built in 2015
4.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56470, Park Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,740 (100%) |
| Owner Occupied HU | 3,454 (44.6%) |
| Renter Occupied HU | 1,309 (16.9%) |
| Vacant Housing Units | 2,977 (38.5%) |
| Median Home Value | $326,377 |
| Average Home Value | $407,613 |
Housing Distribution
Address Breakdown
Residential
5,787
Single Family
5,077
Multi-Family
710
Businesses
542
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Listed by: N/A • N/A
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