320 S Summit StGilbertMN55741
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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 Gilbert at 320 S Summit St, Gilbert, MN, 55741 uses $64,477 cash to close to unlock $3,665/yr annual cash flow and $305/mo monthly cash flow. Total monthly income runs $1,520/mo, and a $952/mo payment keeps the spread at $305/mo. Purchase price stands at $194,500, and rental yield measures 9.38% with $1,520/mo rent. Return on cash invested shows 25.59% in year one, and 5% annual appreciation builds toward $53,737 over five years. Five-year ROI reaches 133.42% and total cumulative return in cash records $86,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,520/mo property income covering a $952/mo payment rather than investor’s personal income.
Single Family
Built in 1972
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55741, Gilbert, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,775 (100%) |
| Owner Occupied HU | 1,247 (70.3%) |
| Renter Occupied HU | 204 (11.5%) |
| Vacant Housing Units | 324 (18.3%) |
| Median Home Value | $258,913 |
| Average Home Value | $279,970 |
Housing Distribution
Address Breakdown
Residential
977
Single Family
977
Multi-Family
0
Businesses
70
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Listed by: Darlene Majkich • RE/MAX Professionals
Mls Name: Range AOR
Mls ID: #147454
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.