519 Grove StErhardMN56534
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 Erhard at 519 Grove St, Erhard, MN, 56534 offers $0/mo rent that, after a $514/mo payment. Total monthly income is $0/mo. Return on cash invested measures -2.7% in year one, and rental yield stands at 0% at a $105,000 entry. Equity gained on principal adds $678/yr while 5% annual appreciation compounds into $29,010 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $514/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1988
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56534, Erhard, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 663 (100%) |
| Owner Occupied HU | 465 (70.1%) |
| Renter Occupied HU | 38 ( 5.7%) |
| Vacant Housing Units | 160 (24.1%) |
| Median Home Value | $402,525 |
| Average Home Value | $426,097 |
Housing Distribution
Address Breakdown
Residential
510
Single Family
504
Multi-Family
6
Businesses
23
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Listed by: Mike Carlson • Re/Max Advantage Plus
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6574762
Disclaimer: Based on information submitted to the MLS GRID as of 2024-10-14 20:21:59 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_28) By searching Northstar MLS listings you agree to the [Northstar MLS End User License Agreement](https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe7e32fe13151e10e6b3d/1456203748061/EULA.pdf)