2311 Cardas RdMoraMN55051
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 Mora at 2311 Cardas Rd, Mora, MN, 55051 priced at $224,900 converts $1,604/mo rent into $161/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,604/mo, and annual cash flow totals $1,929/yr on $74,554 invested. Return on cash invested prints 22.5% in year one, and rental yield reads 8.56% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 117.02% and total cumulative return in cash sums $87,241. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,604/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Manufactured
Built in 2001
2.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55051, Mora, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,942 (100%) |
| Owner Occupied HU | 3,253 (65.8%) |
| Renter Occupied HU | 971 (19.6%) |
| Vacant Housing Units | 718 (14.5%) |
| Median Home Value | $247,320 |
| Average Home Value | $283,349 |
Housing Distribution
Address Breakdown
Residential
4,466
Single Family
4,091
Multi-Family
375
Businesses
317
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Nearby investment properties with comparable prices
Listed by: Todd A Chester • Counselor Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6711162
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