24638 Holland AveMorristownMN55052
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Morristown at 24638 Holland Ave, Morristown, MN, 55052 generates $2,990/mo in rent and, after a $1,590/mo payment, leaves $945/mo in cash flow. Total monthly income is $2,990/mo, and annual cash flow is $11,345/yr on $107,704 invested. Return on cash invested sits at 30.44% in year one, and rental yield is 11.04% on a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 159.49% and total cumulative return in cash sums $171,773. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,990/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55052, Morristown, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 900 (100%) |
| Owner Occupied HU | 696 (77.3%) |
| Renter Occupied HU | 116 (12.9%) |
| Vacant Housing Units | 88 ( 9.8%) |
| Median Home Value | $411,688 |
| Average Home Value | $410,830 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
695
Multi-Family
14
Businesses
39
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Nearby investment properties with comparable prices
Listed by: Michelle L. Jasinski • Weichert, REALTORS- Heartland
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6603916
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