520 Ridgewood RdGrand RapidsMN55744
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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 Grand Rapids at 520 Ridgewood Rd, Grand Rapids, MN, 55744 priced at $299,000 converts $2,881/mo rent into $1,014/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,881/mo, and annual cash flow totals $12,172/yr on $99,119 invested. Return on cash invested prints 32.19% in year one, and rental yield reads 11.56% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 168.79% and total cumulative return in cash sums $167,302. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,881/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.29 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: Molly Tulek • EDGE OF THE WILDERNESS REALTY
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6820775