27602 County Road 51BoveyMN55709
Nearby investment properties with comparable rents
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 Bovey at 27602 County Road 51, Bovey, MN, 55709 generates $1,714/mo in rent, after a $1,561/mo payment. Total monthly income is $1,714/mo. Return on cash invested sits at 16.76% in year one, and rental yield is 6.45% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 86.04% and total cumulative return in cash sums $90,985. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,714/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
14.60 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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Nearby investment properties with comparable prices
Listed by: Paula Broten-Piskel • MOVE IT REAL ESTATE GROUP/LAKEHOMES.COM
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6594311
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