320 6th St SSauk RapidsMN56379
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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 Sauk Rapids at 320 6th St S, Sauk Rapids, MN, 56379 uses $96,102 cash to close to unlock $11,036/yr annual cash flow and $920/mo monthly cash flow. Total monthly income runs $2,730/mo, and a $1,419/mo payment keeps the spread at $920/mo. Purchase price stands at $289,900, and rental yield measures 11.3% with $2,730/mo rent. Return on cash invested shows 31.39% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 164.51% and total cumulative return in cash records $158,097. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,730/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 2018
6,098 sqft 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
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Listed by: David Gaida, Jr. • Gaida Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6787268