515 Arnold StWest ConcordMN55985
Nearby investment properties with comparable rents
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 West Concord at 515 Arnold St, West Concord, MN, 55985 priced at $150,000 converts $1,433/mo rent into $497/mo cash flow after a $734/mo obligation. Total monthly income equals $1,433/mo, and annual cash flow totals $5,958/yr on $49,725 invested. Return on cash invested prints 31.89% in year one, and rental yield reads 11.46% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 167.2% and total cumulative return in cash sums $83,142. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,433/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,662 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
Nearby investment properties with comparable rents
Listed by: Mike Blow • Re/Max Advantage Plus
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6612337
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