508 James PkwyElko New MarketMN55054
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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 Elko New Market at 508 James Pkwy, Elko New Market, MN, 55054 at $495,990 posts ROI 12.1% with from $2,027/mo rent. Total monthly income equals $2,027/mo. Return on cash invested measures 12.1% and rental yield reads 4.9% at the current $495,990. Equity gained on principal adds $3,201/yr, and 5% annual appreciation supports $137,033 by year five. Five-year ROI prints 61.02% and total cumulative return in cash totals $100,329. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,027/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
7,405 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Walter Altenbach • M/I Homes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6821139