29793 State Highway 38Grand RapidsMN55744
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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
Total monthly income runs $3,410/mo, and a $3,861/mo payment. Purchase price stands at $788,850, and rental yield measures 5.19% with $3,410/mo rent. Return on cash invested shows 13.05% in year one, and 5% annual appreciation builds toward $217,945 over five years. Five-year ROI reaches 66.12% and total cumulative return in cash records $171,599. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,410/mo property income covering a $3,861/mo payment rather than investor’s personal income.
Single Family
Built in 2000
5.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55744, Grand Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,024 (100%) |
| Owner Occupied HU | 6,248 (62.3%) |
| Renter Occupied HU | 2,270 (22.6%) |
| Vacant Housing Units | 1,506 (15.0%) |
| Median Home Value | $288,056 |
| Average Home Value | $348,710 |
Housing Distribution
Address Breakdown
Residential
9,649
Single Family
8,369
Multi-Family
1,280
Businesses
945
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A