217 4th St SVirginiaMN55792
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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
Rental property for sale in Virginia at 217 4th St S, Virginia, MN, 55792 generates $1,691/mo in rent and, after a $611/mo payment, leaves $911/mo in cash flow. Total monthly income is $1,691/mo, and annual cash flow is $10,937/yr on $41,404 invested. Return on cash invested sits at 46.32% in year one, and rental yield is 16.25% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 244.61% and total cumulative return in cash sums $101,278. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,691/mo property income rather than buyer’s personal income.
Single Family
Built in 1909
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55792, Virginia, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,428 (100%) |
| Owner Occupied HU | 2,841 (52.3%) |
| Renter Occupied HU | 1,857 (34.2%) |
| Vacant Housing Units | 730 (13.4%) |
| Median Home Value | $172,412 |
| Average Home Value | $218,446 |
Housing Distribution
Address Breakdown
Residential
4,825
Single Family
3,864
Multi-Family
961
Businesses
582
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Nearby investment properties with comparable prices
Listed by: Norma Jean Jofs • Next Door Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116498
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.