22774 Olivine St NWNowthenMN55330
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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 Nowthen at 22774 Olivine St NW, Nowthen, MN, 55330 uses $199,539 cash to close to unlock $5,883/yr annual cash flow and $490/mo monthly cash flow. Total monthly income runs $4,278/mo, and a $2,969/mo payment keeps the spread at $490/mo. Purchase price stands at $606,500, and rental yield measures 8.46% with $4,278/mo rent. Return on cash invested shows 23.01% in year one, and 5% annual appreciation builds toward $167,565 over five years. Five-year ROI reaches 119.52% and total cumulative return in cash records $238,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,278/mo property income covering a $2,969/mo payment rather than investor’s personal income.
Single Family
Built in 1998
5.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55330, Elk River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,209 (100%) |
| Owner Occupied HU | 14,611 (80.2%) |
| Renter Occupied HU | 2,788 (15.3%) |
| Vacant Housing Units | 810 ( 4.4%) |
| Median Home Value | $390,674 |
| Average Home Value | $424,407 |
Housing Distribution
Address Breakdown
Residential
17,307
Single Family
15,298
Multi-Family
2,009
Businesses
1,116
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