21740 442nd Pl UNIT 234AitkinMN56431
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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 Aitkin at 21740 442nd Pl UNIT 234, Aitkin, MN, 56431 generates $792/mo in rent and, after a $489/mo payment, leaves $168/mo in cash flow. Total monthly income is $792/mo, and annual cash flow is $2,016/yr on $33,150 invested. Return on cash invested sits at 25.99% in year one, and rental yield is 9.5% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 135.51% and total cumulative return in cash sums $44,920. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $792/mo property income rather than buyer’s personal income.
Condo
Built in 1980
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56431, Aitkin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,852 (100%) |
| Owner Occupied HU | 3,311 (48.3%) |
| Renter Occupied HU | 791 (11.5%) |
| Vacant Housing Units | 2,750 (40.1%) |
| Median Home Value | $322,708 |
| Average Home Value | $366,030 |
Housing Distribution
Address Breakdown
Residential
5,347
Single Family
4,989
Multi-Family
358
Businesses
346
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