4963 State 6 NERemerMN56672
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 Remer at 4963 State 6 NE, Remer, MN, 56672 uses $49,692 cash to close to unlock $13,184/yr annual cash flow and $1,099/mo monthly cash flow. Total monthly income runs $2,035/mo, and a $734/mo payment keeps the spread at $1,099/mo. Purchase price stands at $149,900, and rental yield measures 16.29% with $2,035/mo rent. Return on cash invested shows 46.44% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 245.2% and total cumulative return in cash records $121,847. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,035/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1911
2.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56672, Remer, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,273 (100%) |
| Owner Occupied HU | 816 (35.9%) |
| Renter Occupied HU | 110 ( 4.8%) |
| Vacant Housing Units | 1,347 (59.3%) |
| Median Home Value | $384,564 |
| Average Home Value | $429,427 |
Housing Distribution
Address Breakdown
Residential
1,364
Single Family
1,315
Multi-Family
49
Businesses
66
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Nearby investment properties with comparable prices
Listed by: Chad Schwendeman • eXp Realty
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6549318
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