509 Clyde StWest ConcordMN55985
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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 West Concord at 509 Clyde St, West Concord, MN, 55985 uses $51,349 cash to close to unlock $3,791/yr annual cash flow and $316/mo monthly cash flow. Total monthly income runs $1,283/mo, and a $758/mo payment keeps the spread at $316/mo. Purchase price stands at $154,900, and rental yield measures 9.94% with $1,283/mo rent. Return on cash invested shows 27.29% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 142.48% and total cumulative return in cash records $73,160. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,283/mo property income covering a $758/mo payment rather than investor’s personal income.
Townhouse
Built in 1964
3,484 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: Sarah Grabow • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6732030
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