277 Red Ridge RdGood ThunderMN56037
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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 Good Thunder at 277 Red Ridge Rd, Good Thunder, MN, 56037 earns from $1,663/mo rent with a $2,105/mo payment. Total monthly income totals $1,663/mo. ROI tracks 11.3% on current figures, and rental yield reads 4.64% at a $430,000 purchase. Equity gained on principal adds $2,775/yr, and 5% annual appreciation supports $118,801 over five years. Five-year ROI reaches 56.76% and total cumulative return in cash sums $80,907. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,663/mo property income instead of your personal income.
Single Family
Built in 1999
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56037, Good Thunder, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 680 (100%) |
| Owner Occupied HU | 552 (81.2%) |
| Renter Occupied HU | 85 (12.5%) |
| Vacant Housing Units | 43 ( 6.3%) |
| Median Home Value | $316,552 |
| Average Home Value | $397,966 |
Housing Distribution
Address Breakdown
Residential
523
Single Family
503
Multi-Family
20
Businesses
16
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Listed by: Donna Killion • Edina Realty Inc. Mankato
Mls Name: RASM
Mls ID: #7038884