310 6th AveBoveyMN55709
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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 Bovey at 310 6th Ave, Bovey, MN, 55709 listed at $189,500 pairs $1,754/mo rent with a $928/mo payment to leave $570/mo cash flow. Total monthly income runs $1,754/mo, and annual cash flow reaches $6,842/yr on $62,819 cash to close. Return on cash invested measures 30.8% in year one, and rental yield registers 11.11% at a $189,500 basis. Equity gained on principal adds $1,223/yr, and annual property appreciation at 5% supports $52,355 by year five. Five-year ROI tracks 161.4% and total cumulative return in cash totals $101,387. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,754/mo property income relative to a $928/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55709, Bovey, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,323 (100%) |
| Owner Occupied HU | 1,537 (66.2%) |
| Renter Occupied HU | 290 (12.5%) |
| Vacant Housing Units | 496 (21.4%) |
| Median Home Value | $249,632 |
| Average Home Value | $303,669 |
Housing Distribution
Address Breakdown
Residential
1,616
Single Family
1,616
Multi-Family
0
Businesses
58
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