402 E Iowa StElmoreMN56027
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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 Elmore at 402 E Iowa St, Elmore, MN, 56027 earns $549/mo cash flow from $1,891/mo rent with a $1,052/mo payment. Total monthly income totals $1,891/mo, and annual cash flow totals $6,585/yr on $71,273 capital. ROI tracks 29.15% on current figures, and rental yield reads 10.55% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 152.48% and total cumulative return in cash sums $108,673. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,891/mo property income instead of your personal income.
Single Family
Built in 2023
0.33 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Alexander Phippen • True Real Estate
Mls Name: RASM
Mls Provider:
Mls ID: #7036706
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-02-21 21:15:32 PST