46486 Poss 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 46486 Poss Beach Rd, Pelican Rapids, MN, 56572 listed at $690,000 pairs $3,096/mo rent with a $3,377/mo payment. Total monthly income runs $3,096/mo. Return on cash invested measures 13.65% in year one, and rental yield registers 5.38% at a $690,000 basis. Equity gained on principal adds $4,452/yr, and annual property appreciation at 5% supports $190,634 by year five. Five-year ROI tracks 69.33% and total cumulative return in cash totals $157,388. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,096/mo property income relative to a $3,377/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
0.97 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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Nearby investment properties with comparable prices
Listed by: Joseph Haj • REAL (1531 FGO)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6679313
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