303 Mill St SPine RiverMN56474
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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 Pine River at 303 Mill St S, Pine River, MN, 56474 listed at $169,900 pairs $1,308/mo rent with a $832/mo payment to leave $247/mo cash flow. Total monthly income runs $1,308/mo, and annual cash flow reaches $2,960/yr on $56,322 cash to close. Return on cash invested measures 25.16% in year one, and rental yield registers 9.24% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 131.12% and total cumulative return in cash totals $73,850. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,308/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56474, Pine River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,993 (100%) |
| Owner Occupied HU | 1,602 (53.5%) |
| Renter Occupied HU | 390 (13.0%) |
| Vacant Housing Units | 1,001 (33.4%) |
| Median Home Value | $320,339 |
| Average Home Value | $411,657 |
Housing Distribution
Address Breakdown
Residential
2,231
Single Family
2,109
Multi-Family
122
Businesses
170
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Nearby investment properties with comparable prices
Listed by: Chad Schwendeman • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6788325
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