302 Elm StFloodwoodMN55736
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 Floodwood at 302 Elm St, Floodwood, MN, 55736 with 5% annual appreciation on a $199,000 basis while $1,484/mo rent supports operations. Total monthly income totals $1,484/mo and a $974/mo payment preserves $241/mo for cash returns. Annual cash flow comes to $2,896/yr on $65,969 deployed, and return on cash invested reaches 24.3% in year one. Equity gained on principal adds $1,284/yr, and five-year appreciation sums $54,980 alongside rental yield of 8.95%. Five-year ROI measures 126.51% and total cumulative return in cash totals $83,454.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,484/mo property income versus a $974/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55736, Floodwood, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 921 (100%) |
| Owner Occupied HU | 494 (53.6%) |
| Renter Occupied HU | 121 (13.1%) |
| Vacant Housing Units | 306 (33.2%) |
| Median Home Value | $275,949 |
| Average Home Value | $320,233 |
Housing Distribution
Address Breakdown
Residential
442
Single Family
442
Multi-Family
0
Businesses
54
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Nearby investment properties with comparable prices
Listed by: Chad Baucom • Village Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118426
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.