30710 Skylark LnMerrifieldMN56465
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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 Merrifield at 30710 Skylark Ln, Merrifield, MN, 56465 earns $1,308/mo cash flow from $2,978/mo rent with a $1,309/mo payment. Total monthly income totals $2,978/mo, and annual cash flow totals $15,696/yr on $88,643 capital. ROI tracks 37.62% on current figures, and rental yield reads 13.36% at a $267,400 purchase. Equity gained on principal adds $1,725/yr, and 5% annual appreciation supports $73,878 over five years. Five-year ROI reaches 197.92% and total cumulative return in cash sums $175,441. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,978/mo property income instead of your personal income.
Manufactured
Built in 2000
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56465, Merrifield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,889 (100%) |
| Owner Occupied HU | 963 (51.0%) |
| Renter Occupied HU | 89 ( 4.7%) |
| Vacant Housing Units | 837 (44.3%) |
| Median Home Value | $459,639 |
| Average Home Value | $527,617 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
1,290
Multi-Family
0
Businesses
56
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Listed by: Chad Schwendeman • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6799152
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