416 State StWest ConcordMN55985
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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
Investment property for sale in West Concord at 416 State St, West Concord, MN, 55985 listed at $225,000 pairs $1,297/mo rent with a $1,101/mo payment. Total monthly income runs $1,297/mo. Return on cash invested measures 18.18% in year one, and rental yield registers 6.92% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 93.65% and total cumulative return in cash totals $69,849. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,297/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55985, West Concord, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 835 (100%) |
| Owner Occupied HU | 652 (78.1%) |
| Renter Occupied HU | 119 (14.3%) |
| Vacant Housing Units | 64 ( 7.7%) |
| Median Home Value | $280,000 |
| Average Home Value | $337,761 |
Housing Distribution
Address Breakdown
Residential
595
Single Family
571
Multi-Family
24
Businesses
44
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Listed by: Tracy Petersohn • Tracy Sells LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6797493