531 Irving Ave NWElk RiverMN55330
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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 Elk River at 531 Irving Ave NW, Elk River, MN, 55330 priced at $325,000 pairs $2,143/mo rent with $113/mo cash flow after a $1,591/mo payment. Total monthly income equals $2,143/mo, and annual cash flow comes to $1,359/yr on $107,738 invested. Return on cash invested is 21.17% in year one, and rental yield stands at 7.91% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 109.71% and total cumulative return in cash reaches $118,201. For financing, Ziffy Mortgage’s DSCR program evaluates $2,143/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55330, Elk River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,209 (100%) |
| Owner Occupied HU | 14,611 (80.2%) |
| Renter Occupied HU | 2,788 (15.3%) |
| Vacant Housing Units | 810 ( 4.4%) |
| Median Home Value | $390,674 |
| Average Home Value | $424,407 |
Housing Distribution
Address Breakdown
Residential
17,307
Single Family
15,298
Multi-Family
2,009
Businesses
1,116
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Listed by: Todd M Anderson • River Town Realty of MN, INC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6699375
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