5450 Mineral AveMountain IronMN55768
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow5450 Mineral Ave, Mountain Iron, MN, 55768 in Mountain Iron earns its strong cash-flow label: 12.23% yield, $3,108/mo rent, $1,203/mo net income, DSCR 2.27. The $305,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $84,266 by year five. Combined with $2,809/yr in principal paydown, total projected return reaches $193,238.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.2% | 8.1% |
| Monthly Cash Flow | $1,203 | $260 |
City averages based on Mountain Iron market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,108 |
| Total Monthly Debt Service | $1,783 |
| DSCR Ratio | 1.74x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1999
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55768, Mountain Iron, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,366 (100%) |
| Owner Occupied HU | 893 (65.4%) |
| Renter Occupied HU | 377 (27.6%) |
| Vacant Housing Units | 96 ( 7.0%) |
| Median Home Value | $262,852 |
| Average Home Value | $326,092 |
Housing Distribution
Address Breakdown
Residential
1,161
Single Family
915
Multi-Family
246
Businesses
53
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
Single Family
Built in 1999
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55768, Mountain Iron, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,366 (100%) |
| Owner Occupied HU | 893 (65.4%) |
| Renter Occupied HU | 377 (27.6%) |
| Vacant Housing Units | 96 ( 7.0%) |
| Median Home Value | $262,852 |
| Average Home Value | $326,092 |
Housing Distribution
Address Breakdown
Residential
1,161
Single Family
915
Multi-Family
246
Businesses
53
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicole Culbert-Dahl • Culbert Realty
Mls Name: Range AOR
Mls ID: #148720
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.