22510 Spider Is, Nevis, MN, 56467 | 7.37% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
656 sft

27998 Island View Dr, Park Rapids, MN, 56470

1 Bed
2 Bath
1210 sft

20394 Fairwood Dr, Nevis, MN, 56467

3 Bed
3 Bath
1640 sft

38564 E Blueberry Dr, Menahga, MN, 56464

3 Bed
4 Bath
2261 sft

39589 Park Dr UNIT 22, Menahga, MN, 56464

Nearby investment properties with comparable prices

2 Bed
1 Bath
1756 sft

113 Michigan Ave W, Walker, MN, 56484

3 Bed
2 Bath
2044 sft

705 Woodland Ave, Park Rapids, MN, 56470

$ 170,000

ROI

Cash Flow/m

3 Bed
2 Bath
1568 sft

39669 Old Brook Rd, Laporte, MN, 56461

1 Bed
2 Bath
4560 sft

410 Pleasant Ave S, Park Rapids, MN, 56470

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

Explore more listings using simple english

Investment Highlights

Total monthly income runs $1,228/mo, and a $978/mo payment. Purchase price stands at $199,900, and rental yield measures 7.37% with $1,228/mo rent. Return on cash invested shows 19.55% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 101.05% and total cumulative return in cash records $66,961. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,228/mo property income covering a $978/mo payment rather than investor’s personal income.

Single Family

Built in 1994

3.27 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 56467, Nevis, MN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,670 (100%)
Owner Occupied HU	1,003 (37.6%)
Renter Occupied HU	135 ( 5.1%)
Vacant Housing Units	1,532 (57.4%)
Median Home Value	$351,646
Average Home Value	$395,962