290 Lime StClearwaterMN55320
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
Investment property for sale in Clearwater at 290 Lime St, Clearwater, MN, 55320 uses $111,019 cash to close to unlock $6,899/yr annual cash flow and $575/mo monthly cash flow. Total monthly income runs $2,666/mo, and a $1,639/mo payment keeps the spread at $575/mo. Purchase price stands at $334,900, and rental yield measures 9.55% with $2,666/mo rent. Return on cash invested shows 26.12% in year one, and 5% annual appreciation builds toward $92,527 over five years. Five-year ROI reaches 136.23% and total cumulative return in cash records $151,237. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,666/mo property income covering a $1,639/mo payment rather than investor’s personal income.
Single Family
Built in 2004
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55320, Clearwater, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,166 (100%) |
| Owner Occupied HU | 1,705 (78.7%) |
| Renter Occupied HU | 339 (15.7%) |
| Vacant Housing Units | 122 ( 5.6%) |
| Median Home Value | $391,849 |
| Average Home Value | $468,673 |
Housing Distribution
Address Breakdown
Residential
2,089
Single Family
1,874
Multi-Family
215
Businesses
144
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Listed by: Jeremy J. Forsell • Premier Real Estate Services
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6603787
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