31740 Redwing AveShaferMN55074
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
Total monthly income runs $1,688/mo, and a $3,059/mo payment. Purchase price stands at $625,000, and rental yield measures 3.24% with $1,688/mo rent. Return on cash invested shows 7.14% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 34.4% and total cumulative return in cash records $70,729. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,688/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Single Family
Built in 1981
20.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55074, Shafer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 942 (100%) |
| Owner Occupied HU | 815 (86.5%) |
| Renter Occupied HU | 102 (10.8%) |
| Vacant Housing Units | 25 ( 2.7%) |
| Median Home Value | $352,953 |
| Average Home Value | $371,589 |
Housing Distribution
Address Breakdown
Residential
926
Single Family
920
Multi-Family
6
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices