504 NW 8th AveGrand RapidsMN55744
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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 Grand Rapids at 504 NW 8th Ave, Grand Rapids, MN, 55744 earns $776/mo cash flow from $2,711/mo rent with a $1,517/mo payment. Total monthly income totals $2,711/mo, and annual cash flow totals $9,308/yr on $102,732 capital. ROI tracks 28.97% on current figures, and rental yield reads 10.5% at a $309,900 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,620 over five years. Five-year ROI reaches 151.51% and total cumulative return in cash sums $155,652. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,711/mo property income instead of your personal income.
Single Family
Built in 1977
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55744, Grand Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,024 (100%) |
| Owner Occupied HU | 6,248 (62.3%) |
| Renter Occupied HU | 2,270 (22.6%) |
| Vacant Housing Units | 1,506 (15.0%) |
| Median Home Value | $288,056 |
| Average Home Value | $348,710 |
Housing Distribution
Address Breakdown
Residential
9,649
Single Family
8,369
Multi-Family
1,280
Businesses
945
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Listed by: TODD STONE • MN DIRECT PROPERTIES
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6749336