23097 State Highway 108 #BPelican RapidsMN56572
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
Investment property for sale in Pelican Rapids at 23097 State Highway 108 #B, Pelican Rapids, MN, 56572 listed at $299,000 pairs $1,194/mo rent with a $1,463/mo payment. Total monthly income runs $1,194/mo. Return on cash invested measures 11.77% in year one, and rental yield registers 4.79% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 59.27% and total cumulative return in cash totals $58,750. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,194/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
9.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56572, Pelican Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,171 (100%) |
| Owner Occupied HU | 1,890 (45.3%) |
| Renter Occupied HU | 469 (11.2%) |
| Vacant Housing Units | 1,812 (43.4%) |
| Median Home Value | $364,686 |
| Average Home Value | $430,345 |
Housing Distribution
Address Breakdown
Residential
2,463
Single Family
2,300
Multi-Family
163
Businesses
191
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Nearby investment properties with comparable prices
Listed by: Loren M Seifert • Seifert Real Estate & Auction
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6757254