21681 Echo LnNevisMN56467
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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 Nevis at 21681 Echo Ln, Nevis, MN, 56467 earns from $1,802/mo rent with a $2,078/mo payment. Total monthly income totals $1,802/mo. ROI tracks 12.67% on current figures, and rental yield reads 5.09% at a $424,500 purchase. Equity gained on principal adds $2,739/yr, and 5% annual appreciation supports $117,282 over five years. Five-year ROI reaches 64.08% and total cumulative return in cash sums $90,172. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,802/mo property income instead of your personal income.
Manufactured
Built in 1994
0.50 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
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