23098 County Road 2ShevlinMN56676
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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 Shevlin at 23098 County Road 2, Shevlin, MN, 56676 uses $77,240 cash to close to unlock $5,201/yr annual cash flow and $433/mo monthly cash flow. Total monthly income runs $1,888/mo, and a $1,140/mo payment keeps the spread at $433/mo. Purchase price stands at $233,000, and rental yield measures 9.72% with $1,888/mo rent. Return on cash invested shows 26.64% in year one, and 5% annual appreciation builds toward $64,374 over five years. Five-year ROI reaches 139.05% and total cumulative return in cash records $107,401. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,888/mo property income covering a $1,140/mo payment rather than investor’s personal income.
Single Family
Built in 1986
5.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56676, Shevlin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,047 (100%) |
| Owner Occupied HU | 673 (64.3%) |
| Renter Occupied HU | 87 ( 8.3%) |
| Vacant Housing Units | 287 (27.4%) |
| Median Home Value | $263,915 |
| Average Home Value | $292,842 |
Housing Distribution
Address Breakdown
Residential
728
Single Family
728
Multi-Family
0
Businesses
19
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