40592 County Road 343BoveyMN55709
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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
Total monthly income runs $1,538/mo, and a $1,223/mo payment. Purchase price stands at $249,900, and rental yield measures 7.39% with $1,538/mo rent. Return on cash invested shows 19.58% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 101.2% and total cumulative return in cash records $83,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,538/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1960
3.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55709, Bovey, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,323 (100%) |
| Owner Occupied HU | 1,537 (66.2%) |
| Renter Occupied HU | 290 (12.5%) |
| Vacant Housing Units | 496 (21.4%) |
| Median Home Value | $249,632 |
| Average Home Value | $303,669 |
Housing Distribution
Address Breakdown
Residential
1,616
Single Family
1,616
Multi-Family
0
Businesses
58
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