44597 Forest BlvdHarrisMN55032
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 Harris at 44597 Forest Blvd, Harris, MN, 55032 offers a 7.72% rental yield on a $309,900 purchase with $1,994/mo rent. Total monthly income registers $1,994/mo, and a $1,517/mo payment leaves $59/mo available for distribution. Annual cash flow reaches $704/yr on $102,732 to close, and return on cash invested stands at 20.59% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,620 over five years. Portfolio math shows five-year ROI at 106.6% and total cumulative return in cash at $109,512. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,994/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
6.29 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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