422 James PkwyElko New MarketMN55054
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.89% gross rental yield, 422 James Pkwy, Elko New Market, MN, 55054 in Elko New Market is priced for capital growth, not immediate cash flow. The $497,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $137,312 by year five, with $4,577/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.91) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $119,330.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.9% | 5.5% |
| Monthly Cash Flow | $(1,121) | $1,250 |
City averages based on Elko New Market market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,027 |
| Total Monthly Debt Service | $2,906 |
| DSCR Ratio | 0.70x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
7,840 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 2026
7,840 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7044721