300 Grove Ave NESilver LakeMN55381
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 Silver Lake at 300 Grove Ave NE, Silver Lake, MN, 55381 offers $750/mo rent that, after a $489/mo payment, leaves $126/mo cash flow. Total monthly income is $750/mo, and annual cash flow is $1,512/yr on $33,150 cash. Return on cash invested measures 24.47% in year one, and rental yield stands at 9% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 127.36% and total cumulative return in cash reaches $42,220. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $750/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
6,926 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah L Marrinan • Engel & Volkers Minneapolis Downtown
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7001949