302 Mitchell StColeraineMN55722
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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 Coleraine at 302 Mitchell St, Coleraine, MN, 55722 generates $1,747/mo in rent and, after a $881/mo payment, leaves $623/mo in cash flow. Total monthly income is $1,747/mo, and annual cash flow is $7,476/yr on $59,670 invested. Return on cash invested sits at 32.44% in year one, and rental yield is 11.65% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 170.08% and total cumulative return in cash sums $101,489. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,747/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55722, Coleraine, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 509 (100%) |
| Owner Occupied HU | 387 (76.0%) |
| Renter Occupied HU | 71 (13.9%) |
| Vacant Housing Units | 51 (10.0%) |
| Median Home Value | $246,983 |
| Average Home Value | $318,773 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
39
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