2884 Ivory 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 2884 Ivory Ave NE, Saint Michael, MN, 55330 offers a 8.27% rental yield on a $459,900 purchase with $3,169/mo rent. Total monthly income registers $3,169/mo, and a $2,251/mo payment leaves $297/mo available for distribution. Annual cash flow reaches $3,566/yr on $152,457 to close, and return on cash invested stands at 22.25% in year one. Equity gained on principal adds $2,968/yr while 5% annual appreciation supports $127,062 over five years. Portfolio math shows five-year ROI at 115.49% and total cumulative return in cash at $176,070. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,169/mo property income against a $2,251/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: #7011363