4781 Cedar Island DrEvelethMN55734
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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
Investment property for sale in Eveleth at 4781 Cedar Island Dr, Eveleth, MN, 55734 listed at $108,500 pairs $1,936/mo rent with a $531/mo payment to leave $1,233/mo cash flow. Total monthly income runs $1,936/mo, and annual cash flow reaches $14,802/yr on $35,968 cash to close. Return on cash invested measures 61.06% in year one, and rental yield registers 21.41% at a $108,500 basis. Equity gained on principal adds $700/yr, and annual property appreciation at 5% supports $29,977 by year five. Five-year ROI tracks 323.98% and total cumulative return in cash totals $116,529. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,936/mo property income relative to a $531/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55734, Eveleth, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,304 (100%) |
| Owner Occupied HU | 2,114 (64.0%) |
| Renter Occupied HU | 628 (19.0%) |
| Vacant Housing Units | 562 (17.0%) |
| Median Home Value | $261,885 |
| Average Home Value | $293,444 |
Housing Distribution
Address Breakdown
Residential
2,906
Single Family
2,630
Multi-Family
276
Businesses
146
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Listed by: James Marx • Mirabella Realty
Mls Name: Range AOR
Mls ID: #148538
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