21624 Elmwood CirNevisMN56467
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 21624 Elmwood Cir, Nevis, MN, 56467 in Nevis at $207,500 earns $1,319/mo in rent and nets $23/mo after the $933/mo payment, a 7.63% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $57,328 over five years. Ziffy Mortgage underwrites this on a 1.41 DSCR without U.S. credit history. With $1,911/yr in principal paydown, total projected return reaches $80,234.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 7.0% |
| Monthly Cash Flow | $23 | $600 |
City averages based on Nevis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,319 |
| Total Monthly Debt Service | $1,213 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2010
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56467, Nevis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,670 (100%) |
| Owner Occupied HU | 1,003 (37.6%) |
| Renter Occupied HU | 135 ( 5.1%) |
| Vacant Housing Units | 1,532 (57.4%) |
| Median Home Value | $351,646 |
| Average Home Value | $395,962 |
Housing Distribution
Address Breakdown
Residential
1,280
Single Family
1,280
Multi-Family
0
Businesses
63
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
Manufactured
Built in 2010
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56467, Nevis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,670 (100%) |
| Owner Occupied HU | 1,003 (37.6%) |
| Renter Occupied HU | 135 ( 5.1%) |
| Vacant Housing Units | 1,532 (57.4%) |
| Median Home Value | $351,646 |
| Average Home Value | $395,962 |
Housing Distribution
Address Breakdown
Residential
1,280
Single Family
1,280
Multi-Family
0
Businesses
63
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Preiner • Coldwell Banker Crown Realtors
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6650043
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