44500 Elmcrest AveHarrisMN55032
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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
Rental property for sale in Harris at 44500 Elmcrest Ave, Harris, MN, 55032 generates $1,706/mo in rent, after a $2,447/mo payment. Total monthly income is $1,706/mo. Return on cash invested sits at 9.66% in year one, and rental yield is 4.1% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 47.96% and total cumulative return in cash sums $79,476. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,706/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
79.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55032, Harris, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,502 (100%) |
| Owner Occupied HU | 1,265 (84.2%) |
| Renter Occupied HU | 97 ( 6.5%) |
| Vacant Housing Units | 140 ( 9.3%) |
| Median Home Value | $368,854 |
| Average Home Value | $391,358 |
Housing Distribution
Address Breakdown
Residential
1,359
Single Family
1,342
Multi-Family
17
Businesses
66
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Listed by: Joseph Hughes • Realty Executives Top Results
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6727959
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