308 9th AveClarkfieldMN56223
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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 Clarkfield at 308 9th Ave, Clarkfield, MN, 56223 generates $2,095/mo in rent and, after a $1,045/mo payment, leaves $762/mo in cash flow. Total monthly income is $2,095/mo, and annual cash flow is $9,141/yr on $70,775 invested. Return on cash invested sits at 32.82% in year one, and rental yield is 11.78% on a $213,500 entry. Equity gained on principal adds $1,378/yr, while 5% annual appreciation builds toward $58,986 over five years. Five-year ROI reaches 172.18% and total cumulative return in cash sums $121,858. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,095/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56223, Clarkfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 670 (100%) |
| Owner Occupied HU | 461 (68.8%) |
| Renter Occupied HU | 113 (16.9%) |
| Vacant Housing Units | 96 (14.3%) |
| Median Home Value | $137,891 |
| Average Home Value | $211,350 |
Housing Distribution
Address Breakdown
Residential
510
Single Family
477
Multi-Family
33
Businesses
48
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Listed by: Bruce D Vien • Kuhlmann Real Estate, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6730195
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