300 Heights Rd NWSaint MichaelMN55376
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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 Saint Michael at 300 Heights Rd NW, Saint Michael, MN, 55376 offers a 9.44% rental yield on a $389,000 purchase with $3,061/mo rent. Total monthly income registers $3,061/mo, and a $1,904/mo payment leaves $632/mo available for distribution. Annual cash flow reaches $7,582/yr on $128,954 to close, and return on cash invested stands at 25.79% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 134.44% and total cumulative return in cash at $173,370. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,061/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55376, Saint Michael, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 6,333 (85.2%) |
| Renter Occupied HU | 824 (11.1%) |
| Vacant Housing Units | 278 ( 3.7%) |
| Median Home Value | $416,843 |
| Average Home Value | $455,816 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,681
Multi-Family
265
Businesses
334
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Listed by: Troy Kray • Lakes Area Realty G.V.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6771942