24789 County Road 50BoveyMN55709
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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 Bovey at 24789 County Road 50, Bovey, MN, 55709 offers a 6.63% rental yield on a $320,000 purchase with $1,769/mo rent. 32% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 89.01% and total cumulative return in cash at $94,419. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,769/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
11.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55709, Bovey, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,323 (100%) |
| Owner Occupied HU | 1,537 (66.2%) |
| Renter Occupied HU | 290 (12.5%) |
| Vacant Housing Units | 496 (21.4%) |
| Median Home Value | $249,632 |
| Average Home Value | $303,669 |
Housing Distribution
Address Breakdown
Residential
1,616
Single Family
1,616
Multi-Family
0
Businesses
58
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