2859 Parker RdSaint CloudMN56301
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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
Rental property for sale in Saint Cloud at 2859 Parker Rd, Saint Cloud, MN, 56301 generates $1,599/mo in rent and, after a $978/mo payment, leaves $351/mo in cash flow. Total monthly income is $1,599/mo, and annual cash flow is $4,214/yr on $66,267 invested. Return on cash invested sits at 26.27% in year one, and rental yield is 9.6% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 137.08% and total cumulative return in cash sums $90,841. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,599/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56301, Saint Cloud, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,864 (100%) |
| Owner Occupied HU | 6,863 (49.5%) |
| Renter Occupied HU | 6,027 (43.5%) |
| Vacant Housing Units | 974 ( 7.0%) |
| Median Home Value | $341,513 |
| Average Home Value | $399,092 |
Housing Distribution
Address Breakdown
Residential
13,460
Single Family
8,425
Multi-Family
5,035
Businesses
1,236
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Listed by: Melissa Welsh • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7003570