22538 Kolp RdGrand RapidsMN55744
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
Rental property for sale in Grand Rapids at 22538 Kolp Rd, Grand Rapids, MN, 55744 generates $3,790/mo in rent and, after a $2,932/mo payment, leaves $49/mo in cash flow. Total monthly income is $3,790/mo, and annual cash flow is $592/yr on $197,071 invested. Return on cash invested sits at 20.36% in year one, and rental yield is 7.59% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 105.32% and total cumulative return in cash sums $207,550. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,790/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
32.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55744, Grand Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,024 (100%) |
| Owner Occupied HU | 6,248 (62.3%) |
| Renter Occupied HU | 2,270 (22.6%) |
| Vacant Housing Units | 1,506 (15.0%) |
| Median Home Value | $288,056 |
| Average Home Value | $348,710 |
Housing Distribution
Address Breakdown
Residential
9,649
Single Family
8,369
Multi-Family
1,280
Businesses
945
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alexandra Bloch • Edge of the Wilderness Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6114253
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.