23313 Highway 27PierzMN56364
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 Pierz at 23313 Highway 27, Pierz, MN, 56364 generates $1,373/mo in rent, after a $1,125/mo payment. Total monthly income is $1,373/mo. Return on cash invested sits at 18.93% in year one, and rental yield is 7.17% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 97.67% and total cumulative return in cash sums $74,435. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,373/mo property income rather than buyer’s personal income.
Multi Family
Built in 1904
5.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56364, Pierz, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,318 (100%) |
| Owner Occupied HU | 1,680 (72.5%) |
| Renter Occupied HU | 374 (16.1%) |
| Vacant Housing Units | 264 (11.4%) |
| Median Home Value | $322,030 |
| Average Home Value | $373,534 |
Housing Distribution
Address Breakdown
Residential
2,057
Single Family
1,921
Multi-Family
136
Businesses
119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas "tj" Hoheisel • Edina Realty, Inc.
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6608865
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