482 7th Ave NEPine CityMN55063
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 Pine City at 482 7th Ave NE, Pine City, MN, 55063 listed at $230,000 pairs $1,734/mo rent with a $1,126/mo payment to leave $48/mo cash flow. Total monthly income runs $1,734/mo, and annual cash flow reaches $570/yr on $76,245 cash to close. Return on cash invested measures 20.66% in year one, and rental yield registers 9.05% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 108.4% and total cumulative return in cash totals $82,651. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,734/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2001
1,742 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55063, Pine City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,878 (100%) |
| Owner Occupied HU | 3,157 (64.7%) |
| Renter Occupied HU | 856 (17.5%) |
| Vacant Housing Units | 865 (17.7%) |
| Median Home Value | $285,815 |
| Average Home Value | $320,475 |
Housing Distribution
Address Breakdown
Residential
4,386
Single Family
4,086
Multi-Family
300
Businesses
292
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Nearby investment properties with comparable prices
Listed by: Stephanie V Breth • Lakes Area Realty G.V.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6767118
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