215 Gillis Ave NEBrainerdMN56401
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
Rental property for sale in Brainerd at 215 Gillis Ave NE, Brainerd, MN, 56401 generates $1,462/mo in rent and, after a $1,045/mo payment, leaves $129/mo in cash flow. Total monthly income is $1,462/mo, and annual cash flow is $1,545/yr on $70,775 invested. Return on cash invested sits at 22.09% in year one, and rental yield is 8.22% on a $213,500 entry. Equity gained on principal adds $1,378/yr, while 5% annual appreciation builds toward $58,986 over five years. Five-year ROI reaches 114.63% and total cumulative return in cash sums $81,130. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,462/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56401, Brainerd, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,322 (100%) |
| Owner Occupied HU | 9,656 (59.2%) |
| Renter Occupied HU | 3,772 (23.1%) |
| Vacant Housing Units | 2,894 (17.7%) |
| Median Home Value | $360,289 |
| Average Home Value | $419,575 |
Housing Distribution
Address Breakdown
Residential
14,110
Single Family
13,067
Multi-Family
1,043
Businesses
1,192
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Nearby investment properties with comparable prices
Listed by: Brittani Hatfield • Century 21 Brainerd Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6768637
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