313 3rd StBoveyMN55709
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 313 3rd St, Bovey, MN, 55709 earns $180/mo cash flow from $1,023/mo rent with a $661/mo payment. Total monthly income totals $1,023/mo, and annual cash flow totals $2,157/yr on $44,753 capital. ROI tracks 24.73% on current figures, and rental yield reads 9.09% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 128.79% and total cumulative return in cash sums $57,637. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,023/mo property income instead of your personal income.
Single Family
Built in 1920
3,049 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices