2286 28th Ave SW APT 204Pine RiverMN56474
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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 Pine River at 2286 28th Ave SW APT 204, Pine River, MN, 56474 uses $53,703 cash to close to unlock $3,040/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $1,265/mo, and a $793/mo payment keeps the spread at $253/mo. Purchase price stands at $162,000, and rental yield measures 9.37% with $1,265/mo rent. Return on cash invested shows 25.57% in year one, and 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 133.34% and total cumulative return in cash records $71,609. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,265/mo property income covering a $793/mo payment rather than investor’s personal income.
Single Family
Built in 1983
130.68 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56474, Pine River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,993 (100%) |
| Owner Occupied HU | 1,602 (53.5%) |
| Renter Occupied HU | 390 (13.0%) |
| Vacant Housing Units | 1,001 (33.4%) |
| Median Home Value | $320,339 |
| Average Home Value | $411,657 |
Housing Distribution
Address Breakdown
Residential
2,231
Single Family
2,109
Multi-Family
122
Businesses
170
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Listed by: Angela Sherack • NextHome Horizons
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6770298