408 Independence Ave SClarks GroveMN56016
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 Clarks Grove at 408 Independence Ave S, Clarks Grove, MN, 56016 priced at $280,000 pairs $1,866/mo rent with $118/mo cash flow after a $1,370/mo payment. Total monthly income equals $1,866/mo, and annual cash flow comes to $1,416/yr on $92,820 invested. Return on cash invested is 21.43% in year one, and rental yield stands at 8% on a $280,000 basis. Equity gained on principal adds $1,807/yr, and 5% annual appreciation accumulates to $77,359 by year five. Five-year ROI measures 111.08% and total cumulative return in cash reaches $103,101. For financing, Ziffy Mortgage’s DSCR program evaluates $1,866/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56016, Clarks Grove, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 432 (100%) |
| Owner Occupied HU | 335 (77.5%) |
| Renter Occupied HU | 69 (16.0%) |
| Vacant Housing Units | 28 ( 6.5%) |
| Median Home Value | $243,750 |
| Average Home Value | $268,933 |
Housing Distribution
Address Breakdown
Residential
212
Single Family
212
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marisa Koppen • Realty ONE Group Black Diamond
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6798329