32061 Gunn Park DrGrand RapidsMN55744
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
Investment property for sale in Grand Rapids at 32061 Gunn Park Dr, Grand Rapids, MN, 55744 uses $89,174 cash to close to unlock $3,166/yr annual cash flow and $264/mo monthly cash flow. Total monthly income runs $1,944/mo, and a $1,317/mo payment keeps the spread at $264/mo. Purchase price stands at $269,000, and rental yield measures 8.67% with $1,944/mo rent. Return on cash invested shows 23.46% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 121.95% and total cumulative return in cash records $108,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,944/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55744, Grand Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,024 (100%) |
| Owner Occupied HU | 6,248 (62.3%) |
| Renter Occupied HU | 2,270 (22.6%) |
| Vacant Housing Units | 1,506 (15.0%) |
| Median Home Value | $288,056 |
| Average Home Value | $348,710 |
Housing Distribution
Address Breakdown
Residential
9,649
Single Family
8,369
Multi-Family
1,280
Businesses
945
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Nearby investment properties with comparable prices
Listed by: Karen Gessell • COLDWELL BANKER NORTHWOODS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6701128
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