403 S Broadway AveGilbertMN55741
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 Gilbert at 403 S Broadway Ave, Gilbert, MN, 55741 priced at $142,000 pairs $1,091/mo rent with $204/mo cash flow after a $695/mo payment. Total monthly income equals $1,091/mo, and annual cash flow comes to $2,452/yr on $47,073 invested. Return on cash invested is 25.12% in year one, and rental yield stands at 9.22% on a $142,000 basis. Equity gained on principal adds $916/yr, and 5% annual appreciation accumulates to $39,232 by year five. Five-year ROI measures 130.93% and total cumulative return in cash reaches $61,634. For financing, Ziffy Mortgage’s DSCR program evaluates $1,091/mo property income against a $695/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55741, Gilbert, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,775 (100%) |
| Owner Occupied HU | 1,247 (70.3%) |
| Renter Occupied HU | 204 (11.5%) |
| Vacant Housing Units | 324 (18.3%) |
| Median Home Value | $258,913 |
| Average Home Value | $279,970 |
Housing Distribution
Address Breakdown
Residential
977
Single Family
977
Multi-Family
0
Businesses
70
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Nearby investment properties with comparable prices
Listed by: Kris Lindahl • Kris Lindahl Real Estate
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118907
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 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.