30120 Redwing AveShaferMN55074
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 Shafer at 30120 Redwing Ave, Shafer, MN, 55074 generates $2,312/mo in rent and, after a $1,223/mo payment, leaves $752/mo in cash flow. Total monthly income is $2,312/mo, and annual cash flow is $9,020/yr on $82,842 invested. Return on cash invested sits at 30.8% in year one, and rental yield is 11.1% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 161.31% and total cumulative return in cash sums $133,634. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,312/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55074, Shafer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 942 (100%) |
| Owner Occupied HU | 815 (86.5%) |
| Renter Occupied HU | 102 (10.8%) |
| Vacant Housing Units | 25 ( 2.7%) |
| Median Home Value | $352,953 |
| Average Home Value | $371,589 |
Housing Distribution
Address Breakdown
Residential
926
Single Family
920
Multi-Family
6
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices