520 Park Island RdCenter CityMN55012
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
Rental property for sale in Center City at 520 Park Island Rd, Center City, MN, 55012 offers $1,783/mo rent that, after a $2,051/mo payment. Total monthly income is $1,783/mo. Return on cash invested measures 12.71% in year one, and rental yield stands at 5.11% at a $419,000 entry. Equity gained on principal adds $2,704/yr while 5% annual appreciation compounds into $115,762 by year five. Five-year ROI records 64.31% and total cumulative return in cash reaches $89,321. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,783/mo property income versus a $2,051/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55012, Center City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 801 (100%) |
| Owner Occupied HU | 656 (81.9%) |
| Renter Occupied HU | 81 (10.1%) |
| Vacant Housing Units | 64 ( 8.0%) |
| Median Home Value | $420,946 |
| Average Home Value | $468,975 |
Housing Distribution
Address Breakdown
Residential
766
Single Family
742
Multi-Family
24
Businesses
66
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heather Knutson • eXp Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6811907