501 Olive StWest ConcordMN55985
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
Rental property for sale in West Concord at 501 Olive St, West Concord, MN, 55985 offers $802/mo rent that, after a $513/mo payment, leaves $147/mo cash flow. Total monthly income is $802/mo, and annual cash flow is $1,769/yr on $34,774 cash. Return on cash invested measures 24.99% in year one, and rental yield stands at 9.17% at a $104,900 entry. Equity gained on principal adds $677/yr while 5% annual appreciation compounds into $28,982 by year five. Five-year ROI records 130.25% and total cumulative return in cash reaches $45,294. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $802/mo property income versus a $513/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55985, West Concord, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 835 (100%) |
| Owner Occupied HU | 652 (78.1%) |
| Renter Occupied HU | 119 (14.3%) |
| Vacant Housing Units | 64 ( 7.7%) |
| Median Home Value | $280,000 |
| Average Home Value | $337,761 |
Housing Distribution
Address Breakdown
Residential
595
Single Family
571
Multi-Family
24
Businesses
44
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Listed by: Jake Huglen • Coldwell Banker Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7011635