5342 Highway 7SaginawMN55779
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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
Total monthly income runs $2,215/mo, and a $1,762/mo payment. Purchase price stands at $360,000, and rental yield measures 7.38% with $2,215/mo rent. Return on cash invested shows 19.58% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 101.13% and total cumulative return in cash records $120,693. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,215/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 2004
9.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55779, Saginaw, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,763 (100%) |
| Owner Occupied HU | 1,432 (81.2%) |
| Renter Occupied HU | 118 ( 6.7%) |
| Vacant Housing Units | 213 (12.1%) |
| Median Home Value | $356,693 |
| Average Home Value | $401,873 |
Housing Distribution
Address Breakdown
Residential
1,603
Single Family
1,603
Multi-Family
0
Businesses
52
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Listed by: Alissia Kreger • Realty Group LLC - Forest Lake
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115437
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.