24519 Fairwood LnNevisMN56467
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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 Nevis at 24519 Fairwood Ln, Nevis, MN, 56467 listed at $877,100 pairs $1,172/mo rent with a $4,293/mo payment. Total monthly income runs $1,172/mo. Return on cash invested measures 2.16% in year one, and rental yield registers 1.6% at a $877,100 basis. Equity gained on principal adds $5,660/yr, and annual property appreciation at 5% supports $242,327 by year five. Five-year ROI tracks 7.68% and total cumulative return in cash totals $22,162. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,172/mo property income relative to a $4,293/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1947
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56467, Nevis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,670 (100%) |
| Owner Occupied HU | 1,003 (37.6%) |
| Renter Occupied HU | 135 ( 5.1%) |
| Vacant Housing Units | 1,532 (57.4%) |
| Median Home Value | $351,646 |
| Average Home Value | $395,962 |
Housing Distribution
Address Breakdown
Residential
1,280
Single Family
1,280
Multi-Family
0
Businesses
63
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