306 W 1st Ave NAuroraMN55705
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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 Aurora at 306 W 1st Ave N, Aurora, MN, 55705 generates $2,159/mo in rent and, after a $1,003/mo payment, leaves $879/mo in cash flow. Total monthly income is $2,159/mo, and annual cash flow is $10,551/yr on $67,958 invested. Return on cash invested sits at 35.43% in year one, and rental yield is 12.64% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 186.25% and total cumulative return in cash sums $126,570. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,159/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.41 Acres lot
$N/A/sqft
No HOA
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Listed by: Jody Bauman • Next Door Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6112686
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 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.