24348 Fishtrap RdNisswaMN56468
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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 Nisswa at 24348 Fishtrap Rd, Nisswa, MN, 56468 generates $4,202/mo in rent, after a $3,372/mo payment. Total monthly income is $4,202/mo. Return on cash invested sits at 19.53% in year one, and rental yield is 7.32% on a $689,000 entry. Equity gained on principal adds $4,446/yr, while 5% annual appreciation builds toward $190,358 over five years. Five-year ROI reaches 100.84% and total cumulative return in cash sums $228,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,202/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56468, Nisswa, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,053 (100%) |
| Owner Occupied HU | 1,897 (46.8%) |
| Renter Occupied HU | 238 ( 5.9%) |
| Vacant Housing Units | 1,918 (47.3%) |
| Median Home Value | $558,428 |
| Average Home Value | $611,129 |
Housing Distribution
Address Breakdown
Residential
2,828
Single Family
2,820
Multi-Family
8
Businesses
252
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