509 1st St EGaylordMN55334
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 Gaylord at 509 1st St E, Gaylord, MN, 55334 priced at $220,000 converts $1,685/mo rent into $311/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,685/mo, and annual cash flow totals $3,732/yr on $72,930 invested. Return on cash invested prints 25.03% in year one, and rental yield reads 9.19% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 130.35% and total cumulative return in cash sums $95,063. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,685/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1976
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55334, Gaylord, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,261 (100%) |
| Owner Occupied HU | 817 (64.8%) |
| Renter Occupied HU | 357 (28.3%) |
| Vacant Housing Units | 87 ( 6.9%) |
| Median Home Value | $213,916 |
| Average Home Value | $253,807 |
Housing Distribution
Address Breakdown
Residential
782
Single Family
543
Multi-Family
239
Businesses
123
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Nearby investment properties with comparable prices
Listed by: Lindsay Thomes • True Real Estate
Mls Name: RASM
Mls Provider:
Mls ID: #7035996
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2024-02-12 10:03:05 PST