5450 Mineral AveMountain IronMN55768
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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
Investment property for sale in Mountain Iron at 5450 Mineral Ave, Mountain Iron, MN, 55768 uses $101,108 cash to close to unlock $14,439/yr annual cash flow and $1,203/mo monthly cash flow. Total monthly income runs $3,108/mo, and a $1,493/mo payment keeps the spread at $1,203/mo. Purchase price stands at $305,000, and rental yield measures 12.23% with $3,108/mo rent. Return on cash invested shows 34.19% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 179.53% and total cumulative return in cash records $181,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,108/mo property income covering a $1,493/mo payment rather than investor’s personal income.
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
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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.