26860 Jonquil AveElko New MarketMN55020
Nearby investment properties with comparable rents
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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 Elko New Market at 26860 Jonquil Ave, Elko New Market, MN, 55020 earns from $3,454/mo rent with a $3,499/mo payment. Total monthly income totals $3,454/mo. ROI tracks 14.91% on current figures, and rental yield reads 5.8% at a $714,900 purchase. Equity gained on principal adds $4,613/yr, and 5% annual appreciation supports $197,514 over five years. Five-year ROI reaches 76.06% and total cumulative return in cash sums $178,886. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,454/mo property income instead of your personal income.
Single Family
Built in 2021
5.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55020, Elko, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,500 (100%) |
| Owner Occupied HU | 1,409 (93.9%) |
| Renter Occupied HU | 65 ( 4.3%) |
| Vacant Housing Units | 26 ( 1.7%) |
| Median Home Value | $469,749 |
| Average Home Value | $515,727 |
Housing Distribution
Address Breakdown
Residential
1,430
Single Family
1,430
Multi-Family
0
Businesses
87
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Nearby investment properties with comparable prices
Listed by: Kristine M Jones • Edina Realty, Inc.
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6604060
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