3065 River RdGrand RapidsMN55744
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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 Grand Rapids at 3065 River Rd, Grand Rapids, MN, 55744 earns from $2,815/mo rent with a $3,059/mo payment. Total monthly income totals $2,815/mo. ROI tracks 13.71% on current figures, and rental yield reads 5.4% at a $625,000 purchase. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 over five years. Five-year ROI reaches 69.66% and total cumulative return in cash sums $143,245. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,815/mo property income instead of your personal income.
Single Family
Built in 2005
5.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55744, Grand Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,024 (100%) |
| Owner Occupied HU | 6,248 (62.3%) |
| Renter Occupied HU | 2,270 (22.6%) |
| Vacant Housing Units | 1,506 (15.0%) |
| Median Home Value | $288,056 |
| Average Home Value | $348,710 |
Housing Distribution
Address Breakdown
Residential
9,649
Single Family
8,369
Multi-Family
1,280
Businesses
945
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Listed by: James Kutschat • CENTURY 21 LAND OF LAKES
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6794784