24641 N Deer Lake RdEffieMN56639
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
Investment property for sale in Effie at 24641 N Deer Lake Rd, Effie, MN, 56639 listed at $439,900 pairs $1,978/mo rent with a $2,153/mo payment. Total monthly income runs $1,978/mo. Return on cash invested measures 13.58% in year one, and rental yield registers 5.4% at a $439,900 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,536 by year five. Five-year ROI tracks 69.01% and total cumulative return in cash totals $100,635. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,978/mo property income relative to a $2,153/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1994
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56639, Effie, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 422 (100%) |
| Owner Occupied HU | 164 (38.9%) |
| Renter Occupied HU | 45 (10.7%) |
| Vacant Housing Units | 213 (50.5%) |
| Median Home Value | $333,333 |
| Average Home Value | $471,372 |
Housing Distribution
Address Breakdown
Residential
210
Single Family
210
Multi-Family
0
Businesses
12
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Nearby investment properties with comparable prices
Listed by: Bridger Hopkins • GRAND PROPERTIES REAL ESTATE
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6726666
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