404 Alcohol RdWrenshallMN55797
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 Wrenshall at 404 Alcohol Rd, Wrenshall, MN, 55797 priced at $399,900 converts $2,549/mo rent into $52/mo cash flow after a $1,957/mo obligation. Total monthly income equals $2,549/mo, and annual cash flow totals $626/yr on $132,567 invested. Return on cash invested prints 20.38% in year one, and rental yield reads 7.65% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 105.47% and total cumulative return in cash sums $139,820. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,549/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 1977
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55797, Wrenshall, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 685 (100%) |
| Owner Occupied HU | 557 (81.3%) |
| Renter Occupied HU | 93 (13.6%) |
| Vacant Housing Units | 35 ( 5.1%) |
| Median Home Value | $254,657 |
| Average Home Value | $276,140 |
Housing Distribution
Address Breakdown
Residential
570
Single Family
570
Multi-Family
0
Businesses
15
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Nearby investment properties with comparable prices
Listed by: Jody Mattinen • Adolphson Real Estate - Cloquet
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6121482
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.