5451 Garden Dr NMountain 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 5451 Garden Dr N, Mountain Iron, MN, 55768 offers a 3.6% rental yield on a $349,000 purchase with $1,048/mo rent. 18% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 40.01% and total cumulative return in cash at $46,284. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,048/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.34 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: Andy Zahorsky • Mirabella Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6770819