505 Spruce Ct NCambridgeMN55008
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 Cambridge at 505 Spruce Ct N, Cambridge, MN, 55008 at $406,900 posts ROI 20.79% with $99/mo cash flow from $2,640/mo rent. Total monthly income equals $2,640/mo, and annual cash flow records $1,184/yr on $134,887 to close. Return on cash invested measures 20.79% and rental yield reads 7.79% at the current $406,900. Equity gained on principal adds $2,626/yr, and 5% annual appreciation supports $112,419 by year five. Five-year ROI prints 107.62% and total cumulative return in cash totals $145,162.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,640/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55008, Cambridge, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,287 (100%) |
| Owner Occupied HU | 5,254 (72.1%) |
| Renter Occupied HU | 1,654 (22.7%) |
| Vacant Housing Units | 379 ( 5.2%) |
| Median Home Value | $318,249 |
| Average Home Value | $362,902 |
Housing Distribution
Address Breakdown
Residential
7,262
Single Family
6,167
Multi-Family
1,095
Businesses
587
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kayla Christine Milbrath-Gustafson • LGI Realty-Minnesota, LLC
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6571668
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