5610 N 3rd AveKettle RiverMN55757
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
Investment Highlights
Investment property for sale in Kettle River at 5610 N 3rd Ave, Kettle River, MN, 55757 listed at $109,900 pairs $871/mo rent with a $538/mo payment to leave $185/mo cash flow. Total monthly income runs $871/mo, and annual cash flow reaches $2,216/yr on $36,432 cash to close. Return on cash invested measures 25.99% in year one, and rental yield registers 9.51% at a $109,900 basis. Equity gained on principal adds $709/yr, and annual property appreciation at 5% supports $30,363 by year five. Five-year ROI tracks 135.55% and total cumulative return in cash totals $49,384. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $871/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1978
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55757, Kettle River, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 589 (100%) |
| Owner Occupied HU | 383 (65.0%) |
| Renter Occupied HU | 48 ( 8.1%) |
| Vacant Housing Units | 158 (26.8%) |
| Median Home Value | $257,917 |
| Average Home Value | $301,841 |
Housing Distribution
Address Breakdown
Residential
352
Single Family
344
Multi-Family
8
Businesses
13
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Listed by: Richard C Lewis • United Country Real Estate Minnesota Properties
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6767386