24747 Cove TrlNisswaMN56468
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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 Nisswa at 24747 Cove Trl, Nisswa, MN, 56468 generates $5,401/mo in rent and, after a $3,181/mo payment, leaves $1,343/mo in cash flow. Total monthly income is $5,401/mo, and annual cash flow is $16,110/yr on $213,850 invested. Return on cash invested sits at 27.59% in year one, and rental yield is 9.97% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 144.1% and total cumulative return in cash sums $308,150. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,401/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.84 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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