29630 Gateway AveChisago CityMN55013
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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 Chisago City at 29630 Gateway Ave, Chisago City, MN, 55013 listed at $299,900 pairs $2,995/mo rent with a $1,468/mo payment to leave $1,122/mo cash flow. Total monthly income runs $2,995/mo, and annual cash flow reaches $13,466/yr on $99,417 cash to close. Return on cash invested measures 33.45% in year one, and rental yield registers 11.98% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 175.59% and total cumulative return in cash totals $174,568. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,995/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: Zak Carchedi • RE/MAX Synergy
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6788085