300 N Old Detroit RdVergasMN56587
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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
Rental property for sale in Vergas at 300 N Old Detroit Rd, Vergas, MN, 56587 offers $0/mo rent that, after a $3,915/mo payment. Total monthly income is $0/mo. Return on cash invested measures -2.72% in year one, and rental yield stands at 0% at a $799,900 entry. Equity gained on principal adds $5,162/yr while 5% annual appreciation compounds into $220,998 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $3,915/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
52.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56587, Vergas, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,100 (100%) |
| Owner Occupied HU | 616 (56.0%) |
| Renter Occupied HU | 54 ( 4.9%) |
| Vacant Housing Units | 430 (39.1%) |
| Median Home Value | $479,012 |
| Average Home Value | $530,353 |
Housing Distribution
Address Breakdown
Residential
745
Single Family
740
Multi-Family
5
Businesses
39
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices