2445 Reed Rd, Ely, MN, 55731 | 2.63% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,400/mo, and a $5,359/mo payment. Purchase price stands at $1,095,000, and rental yield measures 2.63% with $2,400/mo rent. Return on cash invested shows 5.36% in year one, and 5% annual appreciation builds toward $302,528 over five years. Five-year ROI reaches 24.81% and total cumulative return in cash records $88,006. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $5,359/mo payment rather than investor’s personal income.

Single Family

Built in 1996

5.50 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 55731, Ely, MN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,875 (100%)
Owner Occupied HU	2,036 (41.8%)
Renter Occupied HU	675 (13.8%)
Vacant Housing Units	2,164 (44.4%)
Median Home Value	$269,626
Average Home Value	$319,896