31567 190th StAkeleyMN56433
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
Rental property for sale in Akeley at 31567 190th St, Akeley, MN, 56433 generates $1,996/mo in rent and, after a $1,463/mo payment, leaves $129/mo in cash flow. Total monthly income is $1,996/mo, and annual cash flow is $1,552/yr on $99,119 invested. Return on cash invested sits at 21.47% in year one, and rental yield is 8.01% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 111.33% and total cumulative return in cash sums $110,350. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,996/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
2.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56433, Akeley, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,456 (100%) |
| Owner Occupied HU | 753 (51.7%) |
| Renter Occupied HU | 139 ( 9.5%) |
| Vacant Housing Units | 564 (38.7%) |
| Median Home Value | $349,662 |
| Average Home Value | $401,059 |
Housing Distribution
Address Breakdown
Residential
729
Single Family
709
Multi-Family
20
Businesses
36
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Nearby investment properties with comparable prices
Listed by: Whitney Kucza • MOVE IT REAL ESTATE GROUP/LAKEHOMES.COM
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6650910
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