22903 3rd St NEEast BethelMN55005
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 22903 3rd St NE, East Bethel, MN, 55005 in East Bethel earns a 8.24% gross yield at $595,000. Rent of $4,084/mo nets $368/mo after the $2,675/mo mortgage. The 1.53 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $164,388 and $5,480/yr in equity accumulation project a total cumulative return of $249,502.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.0% |
| Monthly Cash Flow | $368 | $850 |
City averages based on East Bethel market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,084 |
| Total Monthly Debt Service | $3,479 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2000
2.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55005, Bethel, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,802 (100%) |
| Owner Occupied HU | 1,622 (90.0%) |
| Renter Occupied HU | 127 ( 7.0%) |
| Vacant Housing Units | 53 ( 2.9%) |
| Median Home Value | $392,890 |
| Average Home Value | $421,981 |
Housing Distribution
Address Breakdown
Residential
1,791
Single Family
1,620
Multi-Family
171
Businesses
51
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
Single Family
Built in 2000
2.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55005, Bethel, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,802 (100%) |
| Owner Occupied HU | 1,622 (90.0%) |
| Renter Occupied HU | 127 ( 7.0%) |
| Vacant Housing Units | 53 ( 2.9%) |
| Median Home Value | $392,890 |
| Average Home Value | $421,981 |
Housing Distribution
Address Breakdown
Residential
1,791
Single Family
1,620
Multi-Family
171
Businesses
51
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Olson • RE/MAX RESULTS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6761454