23942 Clover DrMerrifieldMN56465
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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 Merrifield at 23942 Clover Dr, Merrifield, MN, 56465 offers a 11.11% rental yield on a $322,900 purchase with $2,989/mo rent. Total monthly income registers $2,989/mo, and a $1,580/mo payment leaves $973/mo available for distribution. Annual cash flow reaches $11,677/yr on $107,041 to close, and return on cash invested stands at 30.82% in year one. Equity gained on principal adds $2,084/yr while 5% annual appreciation supports $89,211 over five years. Portfolio math shows five-year ROI at 161.46% and total cumulative return in cash at $172,826. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,989/mo property income against a $1,580/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
1.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56465, Merrifield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,889 (100%) |
| Owner Occupied HU | 963 (51.0%) |
| Renter Occupied HU | 89 ( 4.7%) |
| Vacant Housing Units | 837 (44.3%) |
| Median Home Value | $459,639 |
| Average Home Value | $527,617 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
1,290
Multi-Family
0
Businesses
56
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