2242 Spruce DrBrainerdMN56401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Brainerd at 2242 Spruce Dr, Brainerd, MN, 56401 at $239,500 posts ROI 10.46% with from $870/mo rent. Total monthly income equals $870/mo. Return on cash invested measures 10.46% and rental yield reads 4.36% at the current $239,500. Equity gained on principal adds $1,545/yr, and 5% annual appreciation supports $66,169 by year five. Five-year ROI prints 52.24% and total cumulative return in cash totals $41,473. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $870/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1979
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices