307 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
Investment property for sale in Coleraine at 307 Mitchell St, Coleraine, MN, 55722 at $215,000 posts ROI 20.01% with $6/mo cash flow from $1,348/mo rent. Total monthly income equals $1,348/mo, and annual cash flow records $69/yr on $71,273 to close. Return on cash invested measures 20.01% and rental yield reads 7.52% at the current $215,000. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 by year five. Five-year ROI prints 103.45% and total cumulative return in cash totals $73,729.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,348/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
9,583 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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