405 Sparks DrGranadaMN56039
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 Granada at 405 Sparks Dr, Granada, MN, 56039 priced at $210,000 pairs $1,460/mo rent with $149/mo cash flow after a $1,028/mo payment. Total monthly income equals $1,460/mo, and annual cash flow comes to $1,782/yr on $69,615 invested. Return on cash invested is 22.47% in year one, and rental yield stands at 8.34% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 116.67% and total cumulative return in cash reaches $81,220. For financing, Ziffy Mortgage’s DSCR program evaluates $1,460/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56039, Granada, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 460 (100%) |
| Owner Occupied HU | 351 (76.3%) |
| Renter Occupied HU | 51 (11.1%) |
| Vacant Housing Units | 58 (12.6%) |
| Median Home Value | $270,745 |
| Average Home Value | $336,254 |
Housing Distribution
Address Breakdown
Residential
355
Single Family
355
Multi-Family
0
Businesses
16
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Nearby investment properties with comparable prices
Listed by: Amanda Johnson • Olson Nelson Realty
Mls Name: RASM
Mls Provider:
Mls ID: #7036308
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 21:45:32 PST