44042 Outlet Beach RdPelican RapidsMN56572
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 Pelican Rapids at 44042 Outlet Beach Rd, Pelican Rapids, MN, 56572 listed at $849,900 pairs $2,622/mo rent with a $4,160/mo payment. Total monthly income runs $2,622/mo. Return on cash invested measures 8.54% in year one, and rental yield registers 3.7% at a $849,900 basis. Equity gained on principal adds $5,484/yr, and annual property appreciation at 5% supports $234,812 by year five. Five-year ROI tracks 41.9% and total cumulative return in cash totals $117,146. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,622/mo property income relative to a $4,160/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56572, Pelican Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,171 (100%) |
| Owner Occupied HU | 1,890 (45.3%) |
| Renter Occupied HU | 469 (11.2%) |
| Vacant Housing Units | 1,812 (43.4%) |
| Median Home Value | $364,686 |
| Average Home Value | $430,345 |
Housing Distribution
Address Breakdown
Residential
2,463
Single Family
2,300
Multi-Family
163
Businesses
191
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Listed by: Matt Zimmerman • REAL (2534 FGO)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6754626