2993 361st Ave NECambridgeMN55008
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 Cambridge at 2993 361st Ave NE, Cambridge, MN, 55008 listed at $565,000 pairs $2,536/mo rent with a $2,765/mo payment. Total monthly income runs $2,536/mo. Return on cash invested measures 13.66% in year one, and rental yield registers 5.39% at a $565,000 basis. Equity gained on principal adds $3,646/yr, and annual property appreciation at 5% supports $156,099 by year five. Five-year ROI tracks 69.38% and total cumulative return in cash totals $128,967. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,536/mo property income relative to a $2,765/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55008, Cambridge, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,287 (100%) |
| Owner Occupied HU | 5,254 (72.1%) |
| Renter Occupied HU | 1,654 (22.7%) |
| Vacant Housing Units | 379 ( 5.2%) |
| Median Home Value | $318,249 |
| Average Home Value | $362,902 |
Housing Distribution
Address Breakdown
Residential
7,262
Single Family
6,167
Multi-Family
1,095
Businesses
587
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Listed by: Katherine R Willmert • Century 21 Moline Realty Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6777237
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