32 3rd Ave SSauk RapidsMN56379
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 Sauk Rapids at 32 3rd Ave S, Sauk Rapids, MN, 56379 offers $1,320/mo rent that, after a $773/mo payment, leaves $282/mo cash flow. Total monthly income is $1,320/mo, and annual cash flow is $3,387/yr on $52,377 cash. Return on cash invested measures 26.37% in year one, and rental yield stands at 10.03% at a $158,000 entry. Equity gained on principal adds $1,020/yr while 5% annual appreciation compounds into $43,652 by year five. Five-year ROI records 138.1% and total cumulative return in cash reaches $72,334. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,320/mo property income versus a $773/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56379, Sauk Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,419 (100%) |
| Owner Occupied HU | 4,689 (63.2%) |
| Renter Occupied HU | 2,464 (33.2%) |
| Vacant Housing Units | 266 ( 3.6%) |
| Median Home Value | $279,100 |
| Average Home Value | $326,065 |
Housing Distribution
Address Breakdown
Residential
7,381
Single Family
5,551
Multi-Family
1,830
Businesses
493
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stella Scholl • Premier Real Estate Services
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6690816
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-01 10:38:07 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#28) By searching NorthstarMLS listings you agree to the [NorthstarMLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)