345 Grant Ave SWRichmondMN56368
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 Richmond at 345 Grant Ave SW, Richmond, MN, 56368 priced at $145,000 pairs $1,106/mo rent with $149/mo cash flow after a $710/mo payment. Total monthly income equals $1,106/mo, and annual cash flow comes to $1,782/yr on $48,068 invested. Return on cash invested is 23.62% in year one, and rental yield stands at 9.15% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 123.32% and total cumulative return in cash reaches $59,276. For financing, Ziffy Mortgage’s DSCR program evaluates $1,106/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56368, Richmond, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,441 (100%) |
| Owner Occupied HU | 1,601 (65.6%) |
| Renter Occupied HU | 169 ( 6.9%) |
| Vacant Housing Units | 671 (27.5%) |
| Median Home Value | $378,660 |
| Average Home Value | $441,073 |
Housing Distribution
Address Breakdown
Residential
1,624
Single Family
1,604
Multi-Family
20
Businesses
107
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Nearby investment properties with comparable prices
Listed by: Brandon Johnson • VoigtJohnson
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6783898
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