23716 Stony Bar CirPelican RapidsMN56572
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
Investment property for sale in Pelican Rapids at 23716 Stony Bar Cir, Pelican Rapids, MN, 56572 earns from $1,555/mo rent with a $3,426/mo payment. Total monthly income totals $1,555/mo. ROI tracks 5.17% on current figures, and rental yield reads 2.67% at a $699,900 purchase. Equity gained on principal adds $4,516/yr, and 5% annual appreciation supports $193,369 over five years. Five-year ROI reaches 23.92% and total cumulative return in cash sums $55,076. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,555/mo property income instead of your personal income.
Single Family
Built in 1990
0.67 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56572, Pelican Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,171 (100%) |
| Owner Occupied HU | 1,890 (45.3%) |
| Renter Occupied HU | 469 (11.2%) |
| Vacant Housing Units | 1,812 (43.4%) |
| Median Home Value | $364,686 |
| Average Home Value | $430,345 |
Housing Distribution
Address Breakdown
Residential
2,463
Single Family
2,300
Multi-Family
163
Businesses
191
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gena Syvertson • REALTY XPERTS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6693463
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