309 Chinook Ave SWAvonMN56310
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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 Avon at 309 Chinook Ave SW, Avon, MN, 56310 priced at $1,575,000 converts $2,390/mo rent into after a $7,709/mo obligation. Total monthly income equals $2,390/mo. Return on cash invested prints 2.86% in year one, and rental yield reads 1.82% against a $1,575,000 entry. Equity gained on principal adds $10,163/yr, while 5% annual appreciation compiles into $435,143 by year five. Five-year ROI reaches 11.4% and total cumulative return in cash sums $58,190. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,390/mo property income covering a $7,709/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56310, Avon, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,320 (100%) |
| Owner Occupied HU | 1,869 (80.6%) |
| Renter Occupied HU | 232 ( 10.0%) |
| Vacant Housing Units | 219 ( 9.4%) |
| Median Home Value | $391,537 |
| Average Home Value | $462,741 |
Housing Distribution
Address Breakdown
Residential
2,029
Single Family
1,940
Multi-Family
89
Businesses
105
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