38221 Casselberry DrNorth BranchMN55056
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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 North Branch at 38221 Casselberry Dr, North Branch, MN, 55056 uses $112,710 cash to close to unlock $4,260/yr annual cash flow and $355/mo monthly cash flow. Total monthly income runs $2,478/mo, and a $1,664/mo payment keeps the spread at $355/mo. Purchase price stands at $340,000, and rental yield measures 8.75% with $2,478/mo rent. Return on cash invested shows 23.69% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 123.17% and total cumulative return in cash records $138,822. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,478/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55056, North Branch, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,023 (100%) |
| Owner Occupied HU | 5,048 (83.8%) |
| Renter Occupied HU | 744 (12.4%) |
| Vacant Housing Units | 231 ( 3.8%) |
| Median Home Value | $344,979 |
| Average Home Value | $379,715 |
Housing Distribution
Address Breakdown
Residential
5,878
Single Family
5,217
Multi-Family
661
Businesses
335
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Listed by: Kathryn Johnson • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6780759