46568 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 46568 Poss Beach Rd, Pelican Rapids, MN, 56572 uses $98,456 cash to close to unlock $3,385/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $2,137/mo, and a $1,454/mo payment keeps the spread at $282/mo. Purchase price stands at $297,000, and rental yield measures 8.63% with $2,137/mo rent. Return on cash invested shows 23.35% in year one, and 5% annual appreciation builds toward $82,056 over five years. Five-year ROI reaches 121.39% and total cumulative return in cash records $119,514. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,137/mo property income covering a $1,454/mo payment rather than investor’s personal income.
Single Family
Built in 1978
7,840 sqft 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: TJ Buboltz • HomeSmart Adventure Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6721254
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