2215 Spruce DrBrainerdMN56401
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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 Brainerd at 2215 Spruce Dr, Brainerd, MN, 56401 priced at $304,900 converts $870/mo rent into after a $1,492/mo obligation. Total monthly income equals $870/mo. Return on cash invested prints 7.64% in year one, and rental yield reads 3.42% against a $304,900 entry. Equity gained on principal adds $1,967/yr, while 5% annual appreciation compiles into $84,238 by year five. Five-year ROI reaches 37.13% and total cumulative return in cash sums $37,526. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $870/mo property income covering a $1,492/mo payment, not borrower’s personal income.
Townhouse
Built in 1993
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56401, Brainerd, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,322 (100%) |
| Owner Occupied HU | 9,656 (59.2%) |
| Renter Occupied HU | 3,772 (23.1%) |
| Vacant Housing Units | 2,894 (17.7%) |
| Median Home Value | $360,289 |
| Average Home Value | $419,575 |
Housing Distribution
Address Breakdown
Residential
14,110
Single Family
13,067
Multi-Family
1,043
Businesses
1,192
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Listed by: Angela Dischinger • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6685078
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