510 Broadway St SGilbertMN55741
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 Gilbert at 510 Broadway St S, Gilbert, MN, 55741 listed at $139,900 pairs $1,088/mo rent with a $685/mo payment to leave $214/mo cash flow. Total monthly income runs $1,088/mo, and annual cash flow reaches $2,570/yr on $46,377 cash to close. Return on cash invested measures 25.45% in year one, and rental yield registers 9.33% at a $139,900 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,652 by year five. Five-year ROI tracks 132.72% and total cumulative return in cash totals $61,551. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,088/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55741, Gilbert, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,775 (100%) |
| Owner Occupied HU | 1,247 (70.3%) |
| Renter Occupied HU | 204 (11.5%) |
| Vacant Housing Units | 324 (18.3%) |
| Median Home Value | $258,913 |
| Average Home Value | $279,970 |
Housing Distribution
Address Breakdown
Residential
977
Single Family
977
Multi-Family
0
Businesses
70
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Nearby investment properties with comparable prices
Listed by: Sean McDonald • RE/MAX Results - Longville
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117447
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.