29537 Gerlach WayCannon FallsMN55009
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
Rental property for sale in Cannon Falls at 29537 Gerlach Way, Cannon Falls, MN, 55009 generates $2,750/mo in rent, after a $3,818/mo payment. Total monthly income is $2,750/mo. Return on cash invested sits at 10.14% in year one, and rental yield is 4.23% on a $780,000 entry. Equity gained on principal adds $5,033/yr, while 5% annual appreciation builds toward $215,500 over five years. Five-year ROI reaches 50.5% and total cumulative return in cash sums $129,592. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,750/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55009, Cannon Falls, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 2,726 (74.7%) |
| Renter Occupied HU | 725 (19.9%) |
| Vacant Housing Units | 199 ( 5.5%) |
| Median Home Value | $379,935 |
| Average Home Value | $421,616 |
Housing Distribution
Address Breakdown
Residential
3,538
Single Family
3,176
Multi-Family
362
Businesses
279
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A