2670 24th St SW #102Pine RiverMN56474
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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 Pine River at 2670 24th St SW #102, Pine River, MN, 56474 earns $195/mo cash flow from $1,112/mo rent with a $719/mo payment. Total monthly income totals $1,112/mo, and annual cash flow totals $2,335/yr on $48,731 capital. ROI tracks 24.7% on current figures, and rental yield reads 9.08% at a $147,000 purchase. Equity gained on principal adds $949/yr, and 5% annual appreciation supports $40,613 over five years. Five-year ROI reaches 128.64% and total cumulative return in cash sums $62,688. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,112/mo property income instead of your personal income.
Townhouse
Built in 1984
87.12 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56474, Pine River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,993 (100%) |
| Owner Occupied HU | 1,602 (53.5%) |
| Renter Occupied HU | 390 (13.0%) |
| Vacant Housing Units | 1,001 (33.4%) |
| Median Home Value | $320,339 |
| Average Home Value | $411,657 |
Housing Distribution
Address Breakdown
Residential
2,231
Single Family
2,109
Multi-Family
122
Businesses
170
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Listed by: Karen Tooker • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6770709