2876 Iverson Ave NESaint MichaelMN55330
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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 Saint Michael at 2876 Iverson Ave NE, Saint Michael, MN, 55330 earns $235/mo cash flow from $3,169/mo rent with a $2,300/mo payment. Total monthly income totals $3,169/mo, and annual cash flow totals $2,816/yr on $155,772 capital. ROI tracks 21.72% on current figures, and rental yield reads 8.09% at a $469,900 purchase. Equity gained on principal adds $3,032/yr, and 5% annual appreciation supports $129,825 over five years. Five-year ROI reaches 112.62% and total cumulative return in cash sums $175,430. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,169/mo property income instead of your personal income.
Single Family
Built in 2025
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55330, Elk River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,209 (100%) |
| Owner Occupied HU | 14,611 (80.2%) |
| Renter Occupied HU | 2,788 (15.3%) |
| Vacant Housing Units | 810 ( 4.4%) |
| Median Home Value | $390,674 |
| Average Home Value | $424,407 |
Housing Distribution
Address Breakdown
Residential
17,307
Single Family
15,298
Multi-Family
2,009
Businesses
1,116
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Listed by: Jeff Janasz • Capstone Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6824423