3210 Macon RdIronMN55751
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 Iron at 3210 Macon Rd, Iron, MN, 55751 with 5% annual appreciation on a $500,000 basis while $4,117/mo rent supports operations. Total monthly income totals $4,117/mo and a $2,447/mo payment preserves $995/mo for cash returns. Annual cash flow comes to $11,940/yr on $165,750 deployed, and return on cash invested reaches 27.11% in year one. Equity gained on principal adds $3,226/yr, and five-year appreciation sums $138,141 alongside rental yield of 9.88%. Five-year ROI measures 141.53% and total cumulative return in cash totals $234,584.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,117/mo property income versus a $2,447/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55751, Iron, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 677 (100%) |
| Owner Occupied HU | 558 (82.4%) |
| Renter Occupied HU | 40 ( 5.9%) |
| Vacant Housing Units | 79 (11.7%) |
| Median Home Value | $246,809 |
| Average Home Value | $271,313 |
Housing Distribution
Address Breakdown
Residential
625
Single Family
625
Multi-Family
0
Businesses
19
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Nearby investment properties with comparable prices
Listed by: Darcie Rae Novak • My Place Realty, Inc.
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115859
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.