40884 County Road 5AitkinMN56431
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
Investment property for sale in Aitkin at 40884 County Road 5, Aitkin, MN, 56431 uses $71,273 cash to close to unlock $3,333/yr annual cash flow and $278/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $1,052/mo payment keeps the spread at $278/mo. Purchase price stands at $215,000, and rental yield measures 9.04% with $1,620/mo rent. Return on cash invested shows 24.59% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 128% and total cumulative return in cash records $91,225. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 2007
4.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56431, Aitkin, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,852 (100%) |
| Owner Occupied HU | 3,311 (48.3%) |
| Renter Occupied HU | 791 (11.5%) |
| Vacant Housing Units | 2,750 (40.1%) |
| Median Home Value | $322,708 |
| Average Home Value | $366,030 |
Housing Distribution
Address Breakdown
Residential
5,347
Single Family
4,989
Multi-Family
358
Businesses
346
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Nearby investment properties with comparable prices
Listed by: Jamie Golden-Groves • Coldwell Banker Realty - Duluth
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118652
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.