24147 Maple Dr WBoveyMN55709
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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 Bovey at 24147 Maple Dr W, Bovey, MN, 55709 generates $4,201/mo in rent and, after a $2,472/mo payment, leaves $1,047/mo in cash flow. Total monthly income is $4,201/mo, and annual cash flow is $12,567/yr on $166,145 invested. Return on cash invested sits at 27.62% in year one, and rental yield is 9.98% on a $505,000 entry. Equity gained on principal adds $3,259/yr, while 5% annual appreciation builds toward $139,522 over five years. Five-year ROI reaches 144.27% and total cumulative return in cash sums $239,706. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,201/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
24.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55709, Bovey, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,323 (100%) |
| Owner Occupied HU | 1,537 (66.2%) |
| Renter Occupied HU | 290 (12.5%) |
| Vacant Housing Units | 496 (21.4%) |
| Median Home Value | $249,632 |
| Average Home Value | $303,669 |
Housing Distribution
Address Breakdown
Residential
1,616
Single Family
1,616
Multi-Family
0
Businesses
58
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