23163 Iris AveRogersMN55374
Nearby investment properties with comparable rents
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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
Rental property for sale in Rogers at 23163 Iris Ave, Rogers, MN, 55374 generates $2,278/mo in rent and, after a $1,309/mo payment, leaves $387/mo in cash flow. Total monthly income is $2,278/mo, and annual cash flow is $4,642/yr on $88,676 invested. Return on cash invested sits at 25.14% in year one, and rental yield is 10.22% on a $267,500 entry. Equity gained on principal adds $1,726/yr, while 5% annual appreciation builds toward $73,905 over five years. Five-year ROI reaches 132.07% and total cumulative return in cash sums $117,116. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,278/mo property income rather than buyer’s personal income.
Townhouse
Built in 2002
1,742 sqft lot
$N/A/sqft
$221 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55374, Rogers, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,914 (100%) |
| Owner Occupied HU | 5,798 (83.9%) |
| Renter Occupied HU | 919 (13.3%) |
| Vacant Housing Units | 197 ( 2.8%) |
| Median Home Value | $461,435 |
| Average Home Value | $505,519 |
Housing Distribution
Address Breakdown
Residential
6,742
Single Family
5,896
Multi-Family
846
Businesses
615
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Nearby investment properties with comparable prices
Listed by: Tyler Nash • Real Broker, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6796129
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