2240/2276 240th AveMoraMN55051
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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 Mora at 2240/2276 240th Ave, Mora, MN, 55051 uses $146,291 cash to close to unlock $2,559/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $2,969/mo, and a $2,160/mo payment keeps the spread at $213/mo. Purchase price stands at $441,300, and rental yield measures 8.07% with $2,969/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $121,923 over five years. Five-year ROI reaches 112.31% and total cumulative return in cash records $164,302. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,969/mo property income covering a $2,160/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55051, Mora, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,942 (100%) |
| Owner Occupied HU | 3,253 (65.8%) |
| Renter Occupied HU | 971 (19.6%) |
| Vacant Housing Units | 718 (14.5%) |
| Median Home Value | $247,320 |
| Average Home Value | $283,349 |
Housing Distribution
Address Breakdown
Residential
4,466
Single Family
4,091
Multi-Family
375
Businesses
317
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