307 Leslie Ave WClarissaMN56440
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
Rental property for sale in Clarissa at 307 Leslie Ave W, Clarissa, MN, 56440 priced at $127,500 converts $1,454/mo rent into $658/mo cash flow after a $624/mo obligation. Total monthly income equals $1,454/mo, and annual cash flow totals $7,894/yr on $42,266 invested. Return on cash invested prints 38.59% in year one, and rental yield reads 13.68% against a $127,500 entry. Equity gained on principal adds $823/yr, while 5% annual appreciation compiles into $35,226 by year five. Five-year ROI reaches 203.08% and total cumulative return in cash sums $85,834. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,454/mo property income covering a $624/mo payment, not borrower’s personal income.
Single Family
Built in 1920
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56440, Clarissa, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 571 (100%) |
| Owner Occupied HU | 408 (71.5%) |
| Renter Occupied HU | 94 (16.5%) |
| Vacant Housing Units | 69 (12.1%) |
| Median Home Value | $218,966 |
| Average Home Value | $273,217 |
Housing Distribution
Address Breakdown
Residential
343
Single Family
298
Multi-Family
45
Businesses
29
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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: #6705786
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