220 Grace AveIonaMN56141
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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 Iona at 220 Grace Ave, Iona, MN, 56141 earns $340/mo cash flow from $1,270/mo rent with a $729/mo payment. Total monthly income totals $1,270/mo, and annual cash flow totals $4,078/yr on $49,394 capital. ROI tracks 28.17% on current figures, and rental yield reads 10.23% at a $149,000 purchase. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 over five years. Five-year ROI reaches 147.16% and total cumulative return in cash sums $72,688. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,270/mo property income instead of your personal income.
Single Family
Built in 1890
10,846 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56141, Iona, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 146 (100%) |
| Owner Occupied HU | 114 (78.1%) |
| Renter Occupied HU | 11 ( 7.5%) |
| Vacant Housing Units | 21 (14.4%) |
| Median Home Value | $265,000 |
| Average Home Value | $278,399 |
Housing Distribution
Address Breakdown
Residential
122
Single Family
122
Multi-Family
0
Businesses
4
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