29630 Gateway AveChisago CityMN55013
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 29630 Gateway Ave, Chisago City, MN, 55013 in Chisago City deserves attention. This $299,900 property earns $2,995/mo in rent, a 11.98% gross yield, and nets $1,122/mo after the $1,349/mo payment. DSCR 2.22 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $82,857 compounds alongside $2,762/yr in yearly equity build, for a total cumulative return of $186,031.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 8.0% |
| Monthly Cash Flow | $1,122 | $200 |
City averages based on Chisago City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,995 |
| Total Monthly Debt Service | $1,753 |
| DSCR Ratio | 1.71x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2003
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55013, Chisago City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,205 (100%) |
| Owner Occupied HU | 2,448 (76.4%) |
| Renter Occupied HU | 544 (17.0%) |
| Vacant Housing Units | 213 ( 6.6%) |
| Median Home Value | $425,854 |
| Average Home Value | $505,499 |
Housing Distribution
Address Breakdown
Residential
2,900
Single Family
2,672
Multi-Family
228
Businesses
174
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
Townhouse
Built in 2003
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55013, Chisago City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,205 (100%) |
| Owner Occupied HU | 2,448 (76.4%) |
| Renter Occupied HU | 544 (17.0%) |
| Vacant Housing Units | 213 ( 6.6%) |
| Median Home Value | $425,854 |
| Average Home Value | $505,499 |
Housing Distribution
Address Breakdown
Residential
2,900
Single Family
2,672
Multi-Family
228
Businesses
174
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zak Carchedi • RE/MAX Synergy
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6788085