510 Golf Course RdGrand RapidsMN55744
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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
Rental property for sale in Grand Rapids at 510 Golf Course Rd, Grand Rapids, MN, 55744 offers $1,200/mo rent that, after a $976/mo payment. Total monthly income is $1,200/mo. Return on cash invested measures 19.09% in year one, and rental yield stands at 7.22% at a $199,500 entry. Equity gained on principal adds $1,287/yr while 5% annual appreciation compounds into $55,118 by year five. Five-year ROI records 98.5% and total cumulative return in cash reaches $65,143. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,200/mo property income versus a $976/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
1.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55744, Grand Rapids, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,024 (100%) |
| Owner Occupied HU | 6,248 (62.3%) |
| Renter Occupied HU | 2,270 (22.6%) |
| Vacant Housing Units | 1,506 (15.0%) |
| Median Home Value | $288,056 |
| Average Home Value | $348,710 |
Housing Distribution
Address Breakdown
Residential
9,649
Single Family
8,369
Multi-Family
1,280
Businesses
945
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Listed by: Robert M Ellies • RE/MAX Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6792442