5741 Highway 53RayMN56669
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 5741 Highway 53, Ray, MN, 56669 in Ray is straightforward: $259,900 in, $2,018/mo in rent, $395/mo out after debt service. The 9.32% gross yield and 1.73 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $71,806 by year five. With $2,394/yr in principal equity, the total cumulative return is projected at $124,068.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.5% |
| Monthly Cash Flow | $395 | $850 |
City averages based on Ray market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,018 |
| Total Monthly Debt Service | $1,520 |
| DSCR Ratio | 1.33x |
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 2004
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56669, Ray, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 344 (100%) |
| Owner Occupied HU | 120 (34.9%) |
| Renter Occupied HU | 25 ( 7.3%) |
| Vacant Housing Units | 199 (57.8%) |
| Median Home Value | $235,294 |
| Average Home Value | $281,708 |
Housing Distribution
Address Breakdown
Residential
186
Single Family
186
Multi-Family
0
Businesses
8
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 2004
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56669, Ray, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 344 (100%) |
| Owner Occupied HU | 120 (34.9%) |
| Renter Occupied HU | 25 ( 7.3%) |
| Vacant Housing Units | 199 (57.8%) |
| Median Home Value | $235,294 |
| Average Home Value | $281,708 |
Housing Distribution
Address Breakdown
Residential
186
Single Family
186
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Raymond Ingebretsen • Re/Max Lake Country
Mls Name: Range AOR
Mls ID: #147191
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.