23032 W Torah DrRichmondMN56368
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 Richmond at 23032 W Torah Dr, Richmond, MN, 56368 generates $3,194/mo in rent, after a $2,569/mo payment. Total monthly income is $3,194/mo. Return on cash invested sits at 19.48% in year one, and rental yield is 7.3% on a $524,900 entry. Equity gained on principal adds $3,387/yr, while 5% annual appreciation builds toward $145,020 over five years. Five-year ROI reaches 100.58% and total cumulative return in cash sums $173,701. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,194/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56368, Richmond, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,441 (100%) |
| Owner Occupied HU | 1,601 (65.6%) |
| Renter Occupied HU | 169 ( 6.9%) |
| Vacant Housing Units | 671 (27.5%) |
| Median Home Value | $378,660 |
| Average Home Value | $441,073 |
Housing Distribution
Address Breakdown
Residential
1,624
Single Family
1,604
Multi-Family
20
Businesses
107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Jacobs • Weichert Realtors Tower Proper
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6746206
Disclaimer: Based on information submitted to the MLS GRID as of 2025-06-30 10:38:13 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#28) By searching NorthstarMLS listings you agree to the [NorthstarMLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)