2339 365th StGaryMN56545
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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 Gary at 2339 365th St, Gary, MN, 56545 uses $47,040 cash to close to unlock $2,957/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $1,133/mo, and a $695/mo payment keeps the spread at $246/mo. Purchase price stands at $141,900, and rental yield measures 9.58% with $1,133/mo rent. Return on cash invested shows 26.2% in year one, and 5% annual appreciation builds toward $39,204 over five years. Five-year ROI reaches 136.7% and total cumulative return in cash records $64,303. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,133/mo property income covering a $695/mo payment rather than investor’s personal income.
Single Family
Built in 1979
3.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56545, Gary, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 270 (100%) |
| Owner Occupied HU | 201 (74.4%) |
| Renter Occupied HU | 34 (12.6%) |
| Vacant Housing Units | 35 (13.0%) |
| Median Home Value | $205,000 |
| Average Home Value | $214,627 |
Housing Distribution
Address Breakdown
Residential
248
Single Family
248
Multi-Family
0
Businesses
17
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Nearby investment properties with comparable prices
Listed by: Eric B Smart • Home Crown Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6699431
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