27155 Hickory Ridge DrElko New MarketMN55020
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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 27155 Hickory Ridge Dr, Elko New Market, MN, 55020 listed at $640,000 pairs $5,208/mo rent with a $3,132/mo payment to leave $1,212/mo cash flow. Total monthly income runs $5,208/mo, and annual cash flow reaches $14,544/yr on $210,560 cash to close. Return on cash invested measures 26.97% in year one, and rental yield registers 9.77% at a $640,000 basis. Equity gained on principal adds $4,130/yr, and annual property appreciation at 5% supports $176,820 by year five. Five-year ROI tracks 140.72% and total cumulative return in cash totals $296,298. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,208/mo property income relative to a $3,132/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2012
0.28 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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Listed by: Ryan Rischmiller • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6812260