401 James Pkwy #SPX4ZPElko New MarketMN55054








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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 Elko New Market at 401 James Pkwy #SPX4ZP, Elko New Market, MN, 55054 uses $190,986 cash to close to unlock $1,588/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $3,757/mo, and a $2,841/mo payment keeps the spread at $132/mo. Purchase price stands at $580,505, and rental yield measures 7.77% with $3,757/mo rent. Return on cash invested shows 20.89% in year one, and 5% annual appreciation builds toward $160,383 over five years. Five-year ROI reaches 108.16% and total cumulative return in cash records $206,567. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,757/mo property income covering a $2,841/mo payment rather than investor’s personal income.
Single Family
Built in 2025
7,000 sqft lot
$N/A/sqft
No HOA
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Listed by: Lynn Lake • M/I Homes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7005066








