29490 221st AveBelle PlaineMN56011
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 Belle Plaine at 29490 221st Ave, Belle Plaine, MN, 56011 earns $306/mo cash flow from $2,585/mo rent with a $1,786/mo payment. Total monthly income totals $2,585/mo, and annual cash flow totals $3,675/yr on $120,998 capital. ROI tracks 22.95% on current figures, and rental yield reads 8.5% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 119.22% and total cumulative return in cash sums $144,247. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,585/mo property income instead of your personal income.
Single Family
Built in 1880
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56011, Belle Plaine, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,938 (79.7%) |
| Renter Occupied HU | 584 (15.8%) |
| Vacant Housing Units | 163 ( 4.4%) |
| Median Home Value | $348,371 |
| Average Home Value | $403,113 |
Housing Distribution
Address Breakdown
Residential
3,794
Single Family
3,521
Multi-Family
273
Businesses
182
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrick Sullivan • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6814772